Today’s Price Action: How Analysts Feel About Timkensteel Corp After Today’s Significant Increase?

Today's Price Action: How Analysts Feel About Timkensteel Corp After Today's Significant Increase?

The stock of Timkensteel Corp (NYSE:TMST) is a huge mover today! About 203,649 shares traded hands. Timkensteel Corp (NYSE:TMST) has risen 26.21% since April 18, 2016 and is uptrending. It has outperformed by 21.78% the S&P500.
The move comes after 7 months positive chart setup for the $604.50M company. It was reported on Nov, 18 by Barchart.com. We have $22.74 PT which if reached, will make NYSE:TMST worth $398.97M 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 8 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Cowen & Co upgraded the stock to “Outperform” rating in Thursday, August 11 report. Cowen & Co maintained Timkensteel Corp (NYSE:TMST) on Thursday, November 17 with “Outperform” rating. The firm earned “Market Perform” rating on Wednesday, February 3 by Cowen & Co. The stock has “Buy” rating given by Jefferies on Wednesday, September 16. Cowen & Co maintained Timkensteel Corp (NYSE:TMST) rating on Thursday, August 6. Cowen & Co has “Outperform” rating and $28 price target. The rating was downgraded by Jefferies to “Hold” on Wednesday, January 13. Cowen & Co downgraded Timkensteel Corp (NYSE:TMST) rating on Monday, September 14. Cowen & Co has “Market Perform” rating and $12 price target. KeyBanc Capital Markets initiated the shares of TMST in a report on Monday, August 31 with “Sector Weight” 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: “Why TimkenSteel Corporation Stock Fell By 33% in May” on June 08, 2016. More interesting news about Timkensteel Corp (NYSE:TMST) were released by: Fool.com and their article: “TimkenSteel Corp. Surges on Earnings” published on January 29, 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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