Timken Steel Corporation (TMST) has an average broker rating of 2.5, which is interpreted as a Buy, as rated by 4 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.
Timken Steel Corporation (TMST) has been rated by 2 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $13 and the lowest price target forecast is $11. The average forecast of all the analysts is $12 and the expected standard deviation is $1.41.
Company shares have received an average consensus rating of Hold for the current week
Timken Steel Corporation (NYSE:TMST): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.64 and $8.53 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.43. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.26, notching a gain of 7.55% for the day. The total traded volume was 870,277 . The stock had closed at $8.61 on the previous day.
TimkenSteel Corporation manufactures alloy steel, as well as carbon and micro-alloy steel, with an annual melt capacity of approximately two million tons. The Companys portfolio includes special bar quality (SBQ) bars, seamless mechanical tubing and precision steel components. It operates in two segments: Industrial & Mobile and Energy & Distribution. In addition, it supplies machining and thermal treatment services and manages raw material recycling programs, which are used as a feeder system for the Companys operations. Its customers are companies in the market sectors, including oil & gas; automotive; industrial equipment; mining; construction; rail; aerospace and defense; heavy truck; agriculture, and power generation. The Companys steels are featured in a variety of end products, including oil drill pipe; hubs; axles; crankshafts and connecting rods; bearing races and rolling elements; bushings; fuel injectors; wind energy shafts, and anti-friction bearings, among others.