Several analysts have recently updated their ratings and price targets for Timken Steel Corporation (NYSE: TMST):

  • 11/3/2017 – Timken Steel Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “TimkenSteel Corporation engages in manufacturing alloy steel, as well as carbon and micro-alloy steel. The company provides air-melted alloy steel bars, tubes, and precision components, as well as value-added services, including thermal treatment and machining. Its customers include companies in the market sectors: oil & gas; automotive; industrial equipment; mining; construction; rail; aerospace and defence; heavy truck; agriculture, and power generation. TimkenSteel Corporation is headquartered in Canton, Ohio. “
  • 11/2/2017 – Timken Steel Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 11/2/2017 – Timken Steel Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $16.00 price target on the stock. According to Zacks, “TimkenSteel Corporation engages in manufacturing alloy steel, as well as carbon and micro-alloy steel. The company provides air-melted alloy steel bars, tubes, and precision components, as well as value-added services, including thermal treatment and machining. Its customers include companies in the market sectors: oil & gas; automotive; industrial equipment; mining; construction; rail; aerospace and defence; heavy truck; agriculture, and power generation. TimkenSteel Corporation is headquartered in Canton, Ohio. “
  • 10/31/2017 – Timken Steel Corporation was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 10/29/2017 – Timken Steel Corporation had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $18.00 price target on the stock.
  • 10/19/2017 – Timken Steel Corporation had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $19.00 price target on the stock.
  • 10/12/2017 – Timken Steel Corporation had its “hold” rating reaffirmed by analysts at Jefferies Group LLC.
  • 10/4/2017 – Timken Steel Corporation is now covered by analysts at J P Morgan Chase & Co. They set a “neutral” rating and a $17.00 price target on the stock.
  • 10/3/2017 – Timken Steel Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/21/2017 – Timken Steel Corporation was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.

Shares of Timken Steel Corporation (NYSE:TMST) opened at $13.61 on Wednesday. Timken Steel Corporation has a fifty-two week low of $12.48 and a fifty-two week high of $23.00. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.21 and a quick ratio of 1.05.

Timken Steel Corporation (NYSE:TMST) last announced its quarterly earnings results on Thursday, October 26th. The basic materials company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.05). Timken Steel Corporation had a negative return on equity of 12.92% and a negative net margin of 6.39%. The firm had revenue of $339.10 million during the quarter, compared to analysts’ expectations of $351.50 million. During the same period in the previous year, the company posted ($0.38) earnings per share. The company’s quarterly revenue was up 58.6% compared to the same quarter last year. analysts forecast that Timken Steel Corporation will post -0.56 earnings per share for the current year.

TimkenSteel Corporation manufactures alloy steel, as well as carbon and micro-alloy steel. The Company’s portfolio includes special bar quality (SBQ) bars, seamless mechanical tubing and precision steel components. In addition, the Company supplies machining and thermal treatment services, as well as manage raw material recycling programs, which are used as a feeder system for its melt operations.

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