Brokerages Set TimkenSteel (TMST) Price Target at $18.00

TimkenSteel (NYSE:TMST) has been assigned a consensus rating of “Hold” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $18.00.

TMST has been the subject of several research reports. Zacks Investment Research cut TimkenSteel from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. KeyCorp upgraded TimkenSteel from a “sector weight” rating to an “overweight” rating and set a $17.00 price objective for the company in a research note on Monday, February 12th.

A number of institutional investors have recently added to or reduced their stakes in TMST. Royce & Associates LP raised its stake in TimkenSteel by 30.7% during the fourth quarter. Royce & Associates LP now owns 1,488,988 shares of the basic materials company’s stock worth $22,618,000 after acquiring an additional 349,687 shares in the last quarter. Bronson Point Management LLC raised its stake in TimkenSteel by 71.5% during the fourth quarter. Bronson Point Management LLC now owns 728,830 shares of the basic materials company’s stock worth $11,071,000 after acquiring an additional 303,830 shares in the last quarter. Deutsche Bank AG raised its stake in TimkenSteel by 434.2% during the fourth quarter. Deutsche Bank AG now owns 359,582 shares of the basic materials company’s stock worth $5,460,000 after acquiring an additional 292,273 shares in the last quarter. BlackRock Inc. raised its stake in TimkenSteel by 5.4% during the fourth quarter. BlackRock Inc. now owns 5,507,996 shares of the basic materials company’s stock worth $83,666,000 after acquiring an additional 282,978 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in TimkenSteel by 45.6% during the fourth quarter. Teachers Advisors LLC now owns 856,115 shares of the basic materials company’s stock worth $13,004,000 after acquiring an additional 268,269 shares in the last quarter. Hedge funds and other institutional investors own 74.98% of the company’s stock.

TMST stock traded up $0.37 during midday trading on Wednesday, hitting $16.77. The stock had a trading volume of 341,449 shares, compared to its average volume of 502,741. The stock has a market cap of $734.29, a P/E ratio of -16.77 and a beta of 2.04. TimkenSteel has a 52 week low of $12.48 and a 52 week high of $20.24. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.98 and a quick ratio of 0.90.

TimkenSteel (NYSE:TMST) last issued its earnings results on Thursday, January 25th. The basic materials company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.43). The firm had revenue of $341.40 million during the quarter, compared to the consensus estimate of $345.00 million. TimkenSteel had a negative return on equity of 7.56% and a negative net margin of 3.33%. The firm’s revenue for the quarter was up 59.0% compared to the same quarter last year. During the same period last year, the business earned ($1.52) earnings per share. equities research analysts anticipate that TimkenSteel will post 0.52 EPS for the current year.

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About TimkenSteel

TimkenSteel Corporation manufactures and sells alloy steel, and carbon and micro-alloy steel products worldwide. It offers carbon, micro-alloy, and alloy steel ingots, bars, tubes, and billets; and precision components, as well as thermal treatment and machining services. The company's products are used in oil country drill pipes; bits and collars; gears; hubs; axles; crankshafts and connecting rods; bearing races and rolling elements; bushings; fuel injectors; wind energy shafts; anti-friction bearings; and other applications.

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