Astec Industries Receives a Buy from Robert W. Baird

By Jason Carr

Robert W. Baird analyst Mircea Dobre reiterated a Buy rating on Astec Industries (NASDAQ: ASTE) today and set a price target of $64. The company’s shares opened today at $55.88.

According to TipRanks.com, Dobre is a 3-star analyst with an average return of 2.3% and a 46.3% success rate. Dobre covers the Industrial Goods sector, focusing on stocks such as Hyster-Yale Materials Handling Inc, Lincoln Electric Holdings, and John Bean Technologies.

Astec Industries has an analyst consensus of Strong Buy, with a price target consensus of $67.

The company has a one-year high of $66.66 and a one-year low of $45.70. Currently, Astec Industries has an average volume of 152.6K.

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Astec Industries, Inc. designs, engineers, manufactures and markets equipment and components used primarily in road building, utility and related construction activities as well as other products. It operates through the following segments: Infrastructure Group; Aggregate and Mining Group; and Energy Group.