Analysts Set Timkensteel Corp (NYSE:TMST) Target Price at $15.25

Timkensteel Corp (NYSE:TMST) has earned a consensus recommendation of “Hold” from the five ratings firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and two have assigned a hold recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $15.25.

A number of analysts have weighed in on the company. Zacks Investment Research upgraded Vistra Energy from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a report on Saturday, July 13th. TheStreet downgraded Timkensteel from a “c-” rating to a “d+” rating in a research report on Monday, June 17th.

Timkensteel stock traded up $0.07 during mid-day trading on Friday, reaching $6.93. 232,944 shares of the company were exchanged, compared to its average volume of 324,818. The firm’s fifty day moving average is $7.43. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.91 and a current ratio of 2.66. The firm has a market cap of $310.23 million, a price-to-earnings ratio of 63.00 and a beta of 2.39. Timkensteel has a 12-month low of $6.66 and a 12-month high of $18.84.

Timkensteel (NYSE:TMST) last posted its earnings results on Thursday, May 2nd. The basic materials company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. The company had revenue of $371.00 million during the quarter, compared to analyst estimates of $370.70 million. Timkensteel had a positive return on equity of 1.71% and a negative net margin of 1.60%. Timkensteel’s revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.04) earnings per share. As a group, equities research analysts predict that Timkensteel will post 0.07 EPS for the current fiscal year.

In other Timkensteel news, Director Ronald A. Rice purchased 10,000 shares of Timkensteel stock in a transaction dated Thursday, May 23rd. The shares were acquired at an average cost of $7.52 per share, with a total value of $75,200.00. Following the completion of the transaction, the director now owns 70,183 shares in the company, valued at approximately $527,776.16. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 8.70% of the company’s stock.

Several hedge funds have recently modified their holdings of TMST. Oregon Public Employees Retirement Fund bought a new stake in shares of Timkensteel during the fourth quarter valued at approximately $130,000. BlackRock Inc. increased its holdings in shares of Timkensteel by 1.9% during the fourth quarter. BlackRock Inc. now owns 5,890,211 shares of the basic materials company’s stock valued at $51,479,000 after acquiring an additional 111,099 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Timkensteel by 2.3% during the fourth quarter. Bank of New York Mellon Corp now owns 1,154,210 shares of the basic materials company’s stock valued at $10,087,000 after acquiring an additional 26,049 shares in the last quarter. Texas Permanent School Fund increased its holdings in shares of Timkensteel by 4.0% during the fourth quarter. Texas Permanent School Fund now owns 25,675 shares of the basic materials company’s stock valued at $224,000 after acquiring an additional 988 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Timkensteel by 18.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,574 shares of the basic materials company’s stock valued at $197,000 after acquiring an additional 3,538 shares in the last quarter. 74.95% of the stock is currently owned by institutional investors and hedge funds.

About Timkensteel

TimkenSteel Corporation manufactures and sells alloy steel, and carbon and micro-alloy steel products worldwide. The company offers carbon, micro-alloy, and alloy steel ingots, bars, tubes, and billets; and precision steel components, as well as supplies machining and thermal treatment services. It also manages raw material recycling programs.

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