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An announcement from Astec ( (ASTE) ) is now available.
On July 1, 2025, Astec completed the acquisition of TerraSource Holdings, LLC for $245 million in cash, aiming to enhance its market presence and shareholder value. The acquisition is expected to improve Astec’s profit margins and earnings per share, with anticipated synergies and a proforma net leverage ratio of approximately 2.0x net debt/adjusted EBITDA by 2025.
The most recent analyst rating on (ASTE) stock is a Hold with a $36.00 price target. To see the full list of analyst forecasts on Astec stock, see the ASTE Stock Forecast page.
Spark’s Take on ASTE Stock
According to Spark, TipRanks’ AI Analyst, ASTE is a Neutral.
Astec scores well due to strong financial performance and strategic initiatives like the TerraSource acquisition. While profitability and valuation present some concerns, technical analysis indicates stable momentum. Overall, the positive outlook from earnings and strategic growth initiatives balance the risks.
To see Spark’s full report on ASTE stock, click here.
More about Astec
Astec is a manufacturer of specialized equipment for asphalt road building, aggregate processing, and concrete production. Its operations are divided into Infrastructure Solutions, which includes road building and asphalt and concrete plants, and Materials Solutions, which focuses on aggregate processing equipment.
Average Trading Volume: 151,175
Technical Sentiment Signal: Buy
Current Market Cap: $969.3M
See more data about ASTE stock on TipRanks’ Stock Analysis page.