Timken Steel Corporation (TMST) Receives Analyst Rating

Timken Steel Corporation (TMST) : The consensus on Timken Steel Corporation (TMST) based on 4 analyst recommendation on the company stock is 2, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 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 Steel Corporation (TMST) : Average target price received by Timken Steel Corporation (TMST) is $13 with an expected standard deviation of $2.83. The most aggressive target on the stock is $15, whereas the most downbeat target is $11. 2 financial analysts are currently covering the stock.


Also, In the latest statement by the brokerage house, Cowen & Company upgrades its outlook on Timken Steel Corporation (NYSE:TMST). The current rating of the shares is Outperform, according to the research report released by the firm. Previously, the company had a rating of Market Perform. The rating by the firm was issued on August 11, 2016.

Timken Steel Corporation (NYSE:TMST): The stock opened in the green at $8.6 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $8.76 and a low of $8.501 for the day. The stock did not find buyers even at the lows and closed at $8.56 recording a loss of -1.15%. 561,791 shares exchanged hands during the trading day. The stock had closed at $8.66 in the previous days trading.

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.

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