Astec Industries, Inc. (ASTE)
NASDAQ: ASTE · IEX Real-Time Price · USD
29.16
+0.34 (1.18%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Astec Industries Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Astec Industries stock have an average target of 43.5, with a low estimate of 37 and a high estimate of 50. The average target predicts an increase of 49.18% from the current stock price of 29.16.
Analyst Consensus: Hold
* Price targets were last updated on May 2, 2024.
Analyst Ratings
The average analyst rating for ASTE stock from 2 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 0 | 0 | 0 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 1 | 1 | 1 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 2 | 2 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Stifel | Stifel | Strong Buy → Hold Downgrades $47 → $37 | Strong Buy → Hold | Downgrades | $47 → $37 | +26.89% | May 2, 2024 |
| Stifel | Stifel | Strong Buy Maintains $41 → $42 | Strong Buy | Maintains | $41 → $42 | +44.03% | Dec 19, 2023 |
| Baird | Baird | Hold Maintains $45 → $50 | Hold | Maintains | $45 → $50 | +71.47% | Aug 3, 2023 |
| Baird | Baird | Buy → Hold Downgrades $40 | Buy → Hold | Downgrades | $40 | +37.17% | Apr 8, 2022 |
| Stifel | Stifel | Hold → Strong Buy Upgrades n/a | Hold → Strong Buy | Upgrades | n/a | n/a | May 6, 2021 |
Financial Forecast
Revenue This Year
1.33B
from 1.34B
Decreased by -0.84%
Revenue Next Year
1.37B
from 1.33B
Increased by 3.09%
EPS This Year
2.19
from 1.47
Increased by 48.72%
EPS Next Year
2.80
from 2.19
Increased by 27.95%
Revenue Forecast
| Revenue | 2024 | 2025 |
|---|---|---|
| High | 1.4B | 1.4B |
| Avg | 1.3B | 1.4B |
| Low | 1.3B | 1.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 |
|---|---|---|
| High | 3.6% | 7.5% |
| Avg | -0.8% | 3.1% |
| Low | -5.6% | -2.1% |
EPS Forecast
| EPS | 2024 | 2025 |
|---|---|---|
| High | 2.33 | 3.20 |
| Avg | 2.19 | 2.80 |
| Low | 1.98 | 2.42 |
EPS Growth
| EPS Growth | 2024 | 2025 |
|---|---|---|
| High | 58.6% | 46.5% |
| Avg | 48.7% | 27.9% |
| Low | 34.7% | 10.6% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.