Astec Industries Inc. (NASDAQ: ASTE). Extremely significant negative changes in investment behavior have recently occurred: negative upside/downside volume developed, and its shorter term price trend turned down.
Meaningful negative changes in Astec Industries Inc. (NASDAQ: ASTE) fundamentals have recently occurred: the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ASTE is expected to be a Value Builder.
Astec Industries has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Astec Industries has a slightly positive Appreciation Score of 62 but a poor Power Rating of 29, leading to the Low Neutral Value Trend Rating.
Recent Price Action
On 10/24/24, Astec Industries Inc. (NASDAQ: ASTE) stock declined slightly by -0.7%, closing at $30.45. NORMAL trading volume accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -4.1% during the last week.
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