Astec Industries (ASTE) Earning Somewhat Positive Media Coverage, Analysis Shows

Headlines about Astec Industries (NASDAQ:ASTE) have trended somewhat positive recently, Accern Sentiment reports. The research group scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Astec Industries earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 45.5709636582762 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the media headlines that may have effected Accern’s scoring:

A number of analysts have recently weighed in on the stock. William Blair reiterated a “buy” rating on shares of Astec Industries in a report on Tuesday. Seaport Global Securities reiterated a “hold” rating on shares of Astec Industries in a report on Tuesday, January 23rd. TheStreet upgraded shares of Astec Industries from a “c+” rating to a “b-” rating in a report on Friday, January 5th. BidaskClub lowered shares of Astec Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, Zacks Investment Research upgraded shares of Astec Industries from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a report on Tuesday, January 9th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $73.33.

Shares of Astec Industries (ASTE) opened at $60.07 on Thursday. Astec Industries has a 1-year low of $45.70 and a 1-year high of $73.37. The company has a market cap of $1,390.00, a PE ratio of 35.54, a price-to-earnings-growth ratio of 1.92 and a beta of 1.06.

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Astec Industries Company Profile

Astec Industries, Inc designs, engineers, manufactures and markets equipment and components used primarily in road building and related construction activities. Its segments include Infrastructure Group, Aggregate and Mining Group and Energy Group. The Infrastructure Group segment is made up of five business units, including Astec, Inc, Roadtec, Inc, Carlson Paving Products, Inc, Astec Mobile Machinery GmbH and Astec Australia Pty Ltd.

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