Discussion stirs around Timkensteel Corp (NYSE:TMST) this week; here is what analysts are saying.

July 18, 2017 - By Henry Gaston

 Discussion stirs around Timkensteel Corp (NYSE:TMST) this week; here is what analysts are saying.

Timkensteel Corp (NYSE:TMST) Ratings Coverage

Among 5 analysts covering TimkenSteel (NYSE:TMST), 1 have Buy rating, 2 Sell and 2 Hold. Therefore 20% are positive. TimkenSteel had 14 analyst reports since August 6, 2015 according to SRatingsIntel. Cowen & Co maintained Timkensteel Corp (NYSE:TMST) rating on Wednesday, May 31. Cowen & Co has “Buy” rating and $2300 target. The company was upgraded on Thursday, August 11 by Cowen & Co. The rating was maintained by Cowen & Co on Thursday, August 6 with “Outperform”. As per Monday, September 14, the company rating was downgraded by Cowen & Co. The firm has “Market Perform” rating given on Wednesday, February 3 by Cowen & Co. Cowen & Co maintained Timkensteel Corp (NYSE:TMST) rating on Tuesday, February 21. Cowen & Co has “Outperform” rating and $28 target. The company was maintained on Monday, June 26 by Jefferies. The stock of Timkensteel Corp (NYSE:TMST) has “Sell” rating given on Monday, May 29 by ValuEngine. The rating was maintained by Cowen & Co with “Buy” on Monday, June 26. The rating was initiated by KeyBanc Capital Markets with “Sector Weight” on Monday, August 31. Below is a list of Timkensteel Corp (NYSE:TMST) latest ratings and price target changes.

26/06/2017 Broker: Jefferies Rating: Hold New Target: $16.5000 Maintain
26/06/2017 Broker: Cowen & Co Rating: Buy New Target: $23.0000 Maintain
31/05/2017 Broker: Cowen & Co Rating: Buy New Target: $23.0000 Maintain
29/05/2017 Broker: ValuEngine Old Rating: Strong Sell New Rating: Sell Upgrade
21/02/2017 Broker: Cowen & Co Rating: Outperform Old Target: $17.00 New Target: $28.00 Maintain

The stock increased 4.15% or $0.67 on July 17, reaching $16.83. About shares traded. Timkensteel Corp (NYSE:TMST) has risen 34.77% since July 18, 2016 and is uptrending. It has outperformed by 18.07% the S&P500.

TimkenSteel Corporation manufactures alloy steel, as well as carbon and micro-alloy steel. The company has market cap of $777.78 million. The Company’s portfolio includes special bar quality bars, seamless mechanical tubing and precision steel components. It currently has negative earnings. 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.

Another recent and important Timkensteel Corp (NYSE:TMST) news was published by Prnewswire.com which published an article titled: “TimkenSteel to Announce Second-Quarter 2017 Financial Results on August 1” on July 11, 2017.

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