Media headlines about Astec Industries (NASDAQ:ASTE) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Astec Industries earned a news impact score of 0.14 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 45.6564610071429 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Astec Industries (ASTE) Lowered to “C+” at TheStreet (americanbankingnews.com)
- Zacks: Brokerages Anticipate Astec Industries, Inc. (ASTE) Will Post Quarterly Sales of $343.03 Million (americanbankingnews.com)
- Astec Industries, Inc. (ASTE) Expected to Announce Earnings of $0.89 Per Share (americanbankingnews.com)
- Astec Industries (ASTE) Lifted to Outperform at William Blair (americanbankingnews.com)
Shares of Astec Industries stock opened at $55.84 on Friday. The company has a market cap of $1,264.82, a PE ratio of 35.34, a P/E/G ratio of 1.59 and a beta of 1.13. Astec Industries has a 1-year low of $45.70 and a 1-year high of $66.66.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Monday, March 12th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Friday, March 9th. Astec Industries’s dividend payout ratio is currently 25.32%.
Several equities research analysts have commented on ASTE shares. BidaskClub lowered Astec Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. William Blair upgraded Astec Industries from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 2nd. Seaport Global Securities reiterated a “hold” rating on shares of Astec Industries in a research note on Tuesday, January 23rd. Dougherty & Co upgraded Astec Industries from a “neutral” rating to a “buy” rating and set a $70.00 price objective for the company in a research note on Wednesday, February 21st. Finally, Zacks Investment Research upgraded Astec Industries from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $68.33.
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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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