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Timken (NYSE:TKR) has received an average rating of “Hold” from the nine brokerages that are presently covering the stock, American Banking and Market News reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $61.39.

Timken (NYSE:TKR) opened at 45.37 on Thursday. Timken has a one year low of $35.9485 and a one year high of $49.96. The stock’s 50-day moving average is $46.29 and its 200-day moving average is $45.18. The company has a market cap of $4.118 billion and a P/E ratio of 16.77. Timken also was the recipient of a significant increase in short interest in August. As of August 15th, there was short interest totalling 2,555,173 shares, an increase of 56.9% from the July 31st total of 1,628,507 shares. Based on an average daily volume of 1,197,591 shares, the days-to-cover ratio is presently 2.1 days. Approximately 3.4% of the company’s stock are sold short.

Timken (NYSE:TKR) last released its earnings data on Thursday, July 31st. The company reported $0.65 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.67 by $0.02. The company had revenue of $789.00 million for the quarter, compared to the consensus estimate of $800.10 million. During the same quarter last year, the company posted $0.57 earnings per share. Timken’s revenue was down 30.0% compared to the same quarter last year. Analysts expect that Timken will post $2.50 EPS for the current fiscal year.

In other Timken news, Director Jacqueline F. Woods unloaded 1,340 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $45.43, for a total value of $60,876.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

A number of research firms have recently commented on TKR. Analysts at Zacks upgraded shares of Timken from an “underperform” rating to a “neutral” rating in a research note on Tuesday, August 19th. They now have a $47.10 price target on the stock. Separately, analysts at Jefferies Group cut their price target on shares of Timken from $75.00 to $60.00 in a research note on Monday, July 7th. Finally, 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.

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

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