The recent close of $36.91 is approximately 28% above the fair value buy target for the stock and approximately 38% below the fair value close target for the stock. The recent close is also 9% above analysts' twelve-month $34.00 median price target for the stock.
The recent close represents a 3% decrease in price since the last baseline equity review was conducted in April of 2011.
The stock currently has a trailing twelve-month PE Ratio of 16, and a PEG Ratio of 0.9 basis estimated forward earnings growth of 17.50%.
In the past 52 weeks, share prices have moved between a high of $37.50 and a low of $26.09, placing equilibrium at $34.16.
Basis the recent close, the stock is trading 2% below the 52 week high, 29% above the 52 week low, 7% above equilibrium, and has an average daily trading volume of approximately 73,000 shares.
Astec Industries, Inc. engages in the design, engineering, manufacture, and marketing of equipment and components for road building, aggregate processing, geothermal, water, oil and gas drilling, wood processing, and related construction activities worldwide.
The company's competitors include Caterpillar Inc., CMI Terex Corporation, and Gencor Industries Inc..
Financial information that may be contained herein, is based on the company's most recent annual SEC filing for year ending December 31, 2012. All prices are per share unless otherwise noted.
Wax Ink currently has no investment position in the company mentioned in this alert.
Wax Ink is a baseline equity research company comprised of individual investors, NOT licensed or registered with ANY government agency.
For use by Accredited Investors as defined under Title 17, CFR §230.500, Regulation D
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.