Press coverage about Astec Industries (NASDAQ:ASTE) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Astec Industries earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 46.2528159849597 out of 100, indicating 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 news stories that may have effected Accern Sentiment Analysis’s scoring:
- Zacks: Brokerages Anticipate Astec Industries, Inc. (ASTE) Will Announce Quarterly Sales of $287.77 Million (americanbankingnews.com)
- Astec Industries (ASTE) Raised to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Brokerages Expect Astec Industries, Inc. (ASTE) Will Announce Earnings of $0.45 Per Share (americanbankingnews.com)
- Astec Industries (ASTE) Downgraded to “Hold” at BidaskClub (americanbankingnews.com)
Shares of Astec Industries (ASTE) opened at $54.50 on Thursday. The stock has a market capitalization of $1,302.52, a P/E ratio of 33.61, a price-to-earnings-growth ratio of 3.51 and a beta of 1.05. Astec Industries has a fifty-two week low of $45.70 and a fifty-two week high of $73.37.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Friday, November 10th. Astec Industries’s dividend payout ratio (DPR) is currently 23.81%.
ASTE has been the topic of a number of analyst reports. Zacks Investment Research raised Astec Industries from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th. TheStreet lowered Astec Industries from a “b” rating to a “c+” rating in a report on Tuesday, October 24th. BidaskClub lowered Astec Industries from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Finally, Robert W. Baird raised Astec Industries from a “neutral” rating to an “outperform” rating and raised their target price for the company from $56.00 to $65.00 in a report on Tuesday, October 3rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Astec Industries has an average rating of “Hold” and an average price target of $75.00.
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About Astec Industries
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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