Zacks Rating on Timken Steel Corporation (TMST)

Timken Steel Corporation (TMST) : 2 brokerage houses believe that Timken Steel Corporation (TMST) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Timken Steel Corporation (TMST). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 4 Wall Street Analysts endorse the stock as a Buy with a rating of 2.

Timken Steel Corporation (TMST) : Currently there are 2 street experts covering Timken Steel Corporation (TMST) stock. The most bullish and bearish price target for the stock is $15 and $11 respectively for the short term. The average price target of all the analysts comes to $13. The estimated standard deviation from the target is $2.83.


Shares of TimkenSteel Corporation appreciated by 2.87% during the last five trading days but lost 8.64% on a 4-week basis. TimkenSteel Corporation has dropped 4.1% during the last 3-month period . Year-to-Date the stock performance stands at 19.93%. Timken Steel Corporation (NYSE:TMST): stock turned positive on Tuesday. Though the stock opened at $10.09, the bulls momentum made the stock top out at $10.24 level for the day. The stock recorded a low of $9.93 and closed the trading day at $10.05, in the green by 0.50%. The total traded volume for the day was 369,394. The stock had closed at $10 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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