Timken Company (The) (TKR) : 6 analysts are covering Timken Company (The) (TKR) and their average rating on the stock is 1.67, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Timken Company (The) (TKR) : 4 investment research analysts covering Timken Company (The) (TKR) have an average price target of $35.5 for the near short term. The highest target price given by the Brokerage Firm to the stock is $40 and the lowest target is $32 for the short term. Analysts expect the variance to be within $3.32 of the average price.
For the current week, the company shares have a recommendation consensus of Buy.
Timken Company (The) (NYSE:TKR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.28 and $33.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.59. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.42, notching a gain of 0.24% for the day. The total traded volume was 838,643 . The stock had closed at $33.34 on the previous day.
The Timken Company (Timken) engineers, manufactures and markets bearings, transmissions, gearboxes, chain and related products and offers a spectrum of power system rebuild and repair services around the world. The Company operates through two segments: Mobile Industries, which offers bearings, seals, lubrication devices and systems, as well as power transmission components, engineered chain, augers and related products and maintenance services, and Process Industries, which provides industrial bearings and assemblies, power transmission components such as gears and gearboxes, couplings, seals, lubricants, chains and related products and services. The Companys industrial brands include Timken, Fafnir, Philadelphia Gear, Drives and Interlube. The Company sells products and services to the following market sectors: industrial equipment, construction, agriculture, rail, aerospace and defense, automotive, heavy truck and energy.