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Equities research analysts at William Blair hoisted their price objective on shares of Astec Industries (NASDAQ:ASTE) from $34.00 to $40.00 in a research note issued to investors on Wednesday, AnalystRatings.NET reports. William Blair’s target price suggests a potential upside of 4.17% from the stock’s previous close.

Shares of Astec Industries (NASDAQ:ASTE) traded up 6.28% on Wednesday, hitting $40.81. 193,022 shares of the company’s stock traded hands. Astec Industries has a 52-week low of $30.87 and a 52-week high of $40.37. The stock’s 50-day moving average is $37.31 and its 200-day moving average is $35.91. The company has a market cap of $932.6 million and a P/E ratio of 21.66.

Astec Industries (NASDAQ:ASTE) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.37 by $0.01. The company had revenue of $223.90 million for the quarter, compared to the consensus estimate of $224.46 million. On average, analysts predict that Astec Industries will post $1.95 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on ASTE. Analysts at Zacks upgraded shares of Astec Industries from an “underperform” rating to a “neutral” rating in a research note on Friday, February 21st. They now have a $39.00 price target on the stock. Separately, analysts at Robert W. Baird raised their price target on shares of Astec Industries from $35.00 to $41.00 in a research note on Tuesday, January 7th. Finally, analysts at TheStreet upgraded shares of Astec Industries to a “buy” rating in a research note on Friday, December 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. Astec Industries presently has a consensus rating of “Hold” and an average target price of $36.40.

Astec Industries, Inc designs, engineers, manufactures and markets equipment and components used primarily in road building and related construction activities.

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