Timken Company (The) (TKR) : The consensus on Timken Company (The) (TKR) based on 6 analyst recommendation on the company stock is 1.67, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 5 which endorses a Strong Sell on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Timken Company (The) (TKR) has been rated by 4 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $40 and the lowest price target forecast is $32. The average forecast of all the analysts is $35.5 and the expected standard deviation is $3.32.
For the current week, the company shares have a recommendation consensus of Buy. Timken Company (The) (NYSE:TKR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.66 and $33.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.88, notching a gain of 1.22% for the day. The total traded volume was 398,352 . The stock had closed at $33.47 on the previous day.
In a related news,The director of Timken Co, Woods Jacqueline F sold 2,500 shares at $33.74 on May 31, 2016. The Insider selling transaction had a total value worth of $84,350. The Insider information was disclosed 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.