Today Timkensteel Corp (TMST) Stock Rises

September 17, 2017 - By reb123z

The stock of Timkensteel Corp (NYSE:TMST) is a huge mover today! The stock increased 4.94% or $0.68 on September 15, reaching $14.44. About 1.50 million shares traded or 255.57% up from the average. Timkensteel Corp (NYSE:TMST) has risen 34.77% since September 17, 2016 and is uptrending. It has outperformed by 18.07% the S&P500.
The move comes after 9 months positive chart setup for the $641.50M company. It was reported on Sep, 17 by Barchart.com. We have $14.87 PT which if reached, will make NYSE:TMST worth $19.25M more.

Analysts await Timkensteel Corp (NYSE:TMST) to report earnings on October, 26. They expect $-0.08 earnings per share, up 78.95 % or $0.30 from last year’s $-0.38 per share. After $0.03 actual earnings per share reported by Timkensteel Corp for the previous quarter, Wall Street now forecasts -366.67 % negative EPS growth.

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 19 analyst reports since August 6, 2015 according to SRatingsIntel. As per Monday, May 29, the company rating was upgraded by ValuEngine. The company was maintained on Thursday, August 31 by Cowen & Co. Jefferies downgraded Timkensteel Corp (NYSE:TMST) on Wednesday, January 13 to “Hold” rating. Jefferies maintained the shares of TMST in report on Wednesday, September 16 with “Buy” rating. As per Monday, August 31, the company rating was initiated by KeyBanc Capital Markets. The stock has “Buy” rating by Cowen & Co on Wednesday, May 31. Jefferies maintained it with “Hold” rating and $16.5000 target in Monday, June 26 report. The company was maintained on Wednesday, July 19 by Jefferies. The firm earned “Outperform” rating on Thursday, November 17 by Cowen & Co. The stock of Timkensteel Corp (NYSE:TMST) has “Hold” rating given on Tuesday, August 1 by Jefferies.

TimkenSteel Corporation manufactures alloy steel, as well as carbon and micro-alloy steel. The company has market cap of $641.50 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.

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