Timken Steel Corporation (TMST) : The consensus on Timken Steel Corporation (TMST) based on 5 analyst recommendation on the company stock is 2.6, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 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 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 $12. The average forecast of all the analysts is $12.5 and the expected standard deviation is $0.71.
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 $9.45 and $9.42 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.76. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.71, notching a gain of 1.57% for the day. The total traded volume was 601,133 . The stock had closed at $9.56 on the previous day.
The company shares have dropped -60.50% from its 1 Year high price. On Jul 8, 2015, the shares registered one year high at $25.30 and the one year low was seen on Jan 15, 2016. The 50-Day Moving Average price is $9.70 and the 200 Day Moving Average price is recorded at $8.90.
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.