Timken Company (The) (NYSE:TKR) : The consensus on Timken Company (The) (NYSE:TKR) based on 7 analyst recommendation on the company stock is 2.14, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Timken Company (The) (NYSE:TKR) : The most positive equity analysts on Timken Company (The) (NYSE:TKR) expects the shares to touch $40, whereas, the least positive believes that the stock will trade at $30 in the short term. The company is covered by 5 Wall Street Brokerage Firms. The average price target for shares are $35 with an expected fluctuation of $4.12 from the mean.
Company shares have received an average consensus rating of Hold for the current week Also, Topeka Capital initiates coverage on Timken Company (The) (NYSE:TKR) The shares have been rated Hold. The rating by the firm was issued on May 26, 2016.
Timken Company (The) (NYSE:TKR): stock turned positive on Tuesday. Though the stock opened at $29.44, the bulls momentum made the stock top out at $29.72 level for the day. The stock recorded a low of $29.17 and closed the trading day at $29.58, in the green by 2.11%. The total traded volume for the day was 1,352,926. The stock had closed at $28.97 in the previous days trading.
In an insider trading activity, Woods Jacqueline F, director of Timken Co, unloaded 2,500 shares at an average price of $33.74 on May 31, 2016. The total amount of the transaction was worth $84,350, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.