The stock of Timkensteel Corp (NYSE:TMST) is a huge mover today! About 379,151 shares traded hands. Timkensteel Corp (NYSE:TMST) has risen 14.47% since April 27, 2016 and is uptrending. It has outperformed by 9.25% the S&P500.
The move comes after 9 months positive chart setup for the $673.98 million company. It was reported on Nov, 30 by Barchart.com. We have $16.48 PT which if reached, will make NYSE:TMST worth $40.44M more.
Analysts await Timkensteel Corp (NYSE:TMST) to report earnings on January, 26. They expect $-0.41 EPS, up 29.31% or $0.17 from last year’s $-0.58 per share. After $-0.38 actual EPS reported by Timkensteel Corp for the previous quarter, Wall Street now forecasts 7.89% negative EPS growth.
Timkensteel Corp (NYSE:TMST) Ratings Coverage
Out of 4 analysts covering TimkenSteel (NYSE:TMST), 1 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 25% are positive. TimkenSteel has been the topic of 9 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Thursday, August 11 by Cowen & Co. The company was maintained on Wednesday, February 3 by Cowen & Co. The stock of Timkensteel Corp (NYSE:TMST) earned “Outperform” rating by Cowen & Co on Thursday, November 17. Cowen & Co downgraded it to “Market Perform” rating and $12 target price in Monday, September 14 report. The rating was maintained by Jefferies on Wednesday, September 16 with “Buy”. Jefferies downgraded the stock to “Hold” rating in Wednesday, January 13 report. KeyBanc Capital Markets initiated the shares of TMST in a report on Monday, August 31 with “Sector Weight” rating. The rating was maintained by Cowen & Co on Thursday, August 6 with “Outperform”. On Tuesday, November 29 the stock rating was downgraded by Macquarie Research to “Underperform”.
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: Quotes.Wsj.com and their article: “TimkenSteel Corp. TMST (US: NYSE)” published on July 01, 2014 as well as Fool.com‘s news article titled: “TimkenSteel Corp. Surges on Earnings” with publication date: January 29, 2016.
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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