Today’s Market Runner: Timkensteel Corp Stock Price Increases Today

Today's Market Runner: Timkensteel Corp Stock Price Increases Today

The stock of Timkensteel Corp (NYSE:TMST) is a huge mover today! About 420,331 shares traded hands. Timkensteel Corp (NYSE:TMST) has risen 23.21% since April 8, 2016 and is uptrending. It has outperformed by 17.56% the S&P500.
The move comes after 7 months positive chart setup for the $595.87M company. It was reported on Nov, 10 by Barchart.com. We have $18.88 PT which if reached, will make NYSE:TMST worth $291.98 million more.

Timkensteel Corp (NYSE:TMST) Ratings Coverage

Out of 3 analysts covering TimkenSteel (NYSE:TMST), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. TimkenSteel has been the topic of 7 analyst reports since August 6, 2015 according to StockzIntelligence Inc. On Monday, September 14 the stock rating was downgraded by Cowen & Co to “Market Perform”. The firm has “Buy” rating given on Wednesday, September 16 by Jefferies. On Monday, August 31 the stock rating was initiated by KeyBanc Capital Markets with “Sector Weight”. The firm has “Outperform” rating given on Thursday, August 11 by Cowen & Co. The stock of Timkensteel Corp (NYSE:TMST) earned “Outperform” rating by Cowen & Co on Thursday, August 6. The stock has “Hold” rating given by Jefferies on Wednesday, January 13. Cowen & Co maintained Timkensteel Corp (NYSE:TMST) on Wednesday, February 3 with “Market Perform” rating.

According to Zacks Investment Research, “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.”

More notable recent Timkensteel Corp (NYSE:TMST) news were published by: Marketwatch.com which released: “TimkenSteel upgraded to outperform from market perform at Cowen & Co.” on July 07, 2014, also Fool.com with their article: “Why Shares of TimkenSteel Corp. Plunged 17% Today” published on May 25, 2016, Fool.com published: “TimkenSteel Corp. Surges on Earnings” on January 29, 2016. More interesting news about Timkensteel Corp (NYSE:TMST) were released by: Fool.com and their article: “Why TimkenSteel Corporation Stock Fell By 33% in May” published on June 08, 2016 as well as Quotes.Wsj.com‘s news article titled: “TimkenSteel Corp. TMST (US: NYSE)” with publication date: July 01, 2014.

TMST Company Profile

TimkenSteel Corporation, incorporated on October 24, 2013, makes alloy steel, as well as carbon and micro-alloy steel, with an annual melt capacity of approximately two million tons. The Company’s portfolio includes special bar quality (SBQ) bars, seamless mechanical tubing and precision steel components. The Firm operates in two divisions: Industrial & Mobile and Energy & Distribution. In addition, it supplies machining and thermal treatment services and manages raw material recycling programs, which are used as a feeder system for the Company’s operations.

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