Brokerage Firm Rating on Timken Steel Corporation (TMST)

Timken Steel Corporation (TMST) : 4 analysts are covering Timken Steel Corporation (TMST) and their average rating on the stock is 2.5, which is read as a Buy. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Timken Steel Corporation (TMST) : Average target price received by Timken Steel Corporation (TMST) is $12 with an expected standard deviation of $1.41. The most aggressive target on the stock is $13, whereas the most downbeat target is $11. 2 financial analysts are currently covering the stock.


Company shares have received an average consensus rating of Hold for the current week Timken Steel Corporation (NYSE:TMST): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.29 and $9.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.52, notching a gain of 9.05% for the day. The total traded volume was 1,242,955 . The stock had closed at $8.73 on the previous day.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CEO of Timkensteel Corp, Timken Ward J Jr, had purchased 20,000 shares in a transaction dated on May 25, 2016. The transaction was executed at $9 per share with total amount equaling $180,000.

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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