Share on StockTwits

Timken (NYSE:TKR)’s share price hit a new 52-week high during trading on Friday , AR Network reports. The stock traded as high as $66.12 and last traded at $66.06, with a volume of 314,331 shares trading hands. The stock had previously closed at $65.85.

A number of research firms have recently commented on TKR. Analysts at Gabelli upgraded shares of Timken from a “hold” rating to a “buy” rating in a research note on Tuesday, May 6th. They now have a $78.00 price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Timken to $75.00 in a research note on Friday, April 25th. They now have a “buy” rating on the stock. Finally, analysts at KeyCorp downgraded shares of Timken from a “buy” rating to a “hold” rating in a research note on Tuesday, March 25th. They now have a $70.00 price target on the stock. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Timken currently has a consensus rating of “Buy” and a consensus price target of $66.28.

The stock has a 50-day moving average of $62.91 and a 200-day moving average of $57.86. The company has a market cap of $6.022 billion and a P/E ratio of 22.99.

Timken (NYSE:TKR) last announced its earnings results on Thursday, April 24th. The company reported $0.90 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.81 by $0.09. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the company posted $0.80 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis. Analysts expect that Timken will post $3.81 EPS for the current fiscal year.

The Timken Company (NYSE:TKR) develops, manufactures, markets and sells products for friction management and mechanical power transmission, alloy steels and steel components.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.