Stock Rating Upgrade
The Value Trend Rating for Astec Industries Inc. (NASDAQ: ASTE) improved recently from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Astec Industries Inc. (NASDAQ: ASTE) stock declined modestly by -1.6% on 3/18/24. The stock closed at $40.01. However, below average trading volume at 76% of normal accompanied the decline. The stock has been weak relative to the market over the last nine months and has declined -4.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ASTE is expected to be a Value Builder.
Astec Industries has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Astec Industries has a neutral Appreciation Score of 50 and a neutral Power Rating of 44, triggering the Low Neutral Value Trend Rating.
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