Share on StockTwits

Stock analysts at Jefferies Group decreased their target price on shares of Timken (NYSE:TKR) from $75.00 to $60.00 in a report issued on Monday. Jefferies Group’s price objective would suggest a potential upside of 21.04% from the stock’s previous close.

Timken (NYSE:TKR) opened at 49.57 on Monday. Timken has a 52 week low of $35.9485 and a 52 week high of $49.96. The stock’s 50-day moving average is $47.17 and its 200-day moving average is $43.02. The company has a market cap of $4.523 billion and a price-to-earnings ratio of 17.36.

Timken (NYSE:TKR) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the 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 $2.54 EPS for the current fiscal year.

A number of other firms have also recently commented on TKR. Analysts at Zacks downgraded shares of Timken from a “neutral” rating to an “underperform” rating in a research note on Thursday. They now have a $47.70 price target on the stock. Separately, analysts at BB&T Corp. cut their price target on shares of Timken from $78.00 to $57.00 in a research note on Tuesday, July 1st. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Timken in a research note on Tuesday, June 24th. They now have a $56.00 price target on the stock, down previously from $65.00. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $61.46.

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.