Astec Industries Inc. (NASDAQ: ASTE). Extremely significant positive changes in investment behavior have recently occurred: the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and its shorter term price trend turned up.
Marginal positive changes in Astec Industries Inc. (NASDAQ: ASTE) fundamentals have recently occurred: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of F. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ASTE is expected to continue to be a Value Builder.
Astec Industries has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Astec Industries has a neutral Appreciation Score of 40 but a poor Power Rating of 24, and the Lowest Value Trend Rating results.
Recent Price Action
Astec Industries Inc. (NASDAQ: ASTE) stock closed at $41.68 on 3/6/24 after a large increase of 2.2%. This advance was accompanied by normal trading volume. The stock has risen 14.7% during the last week but has been weak relative to the market over the last nine months.
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