Zacks Investment Research upgraded Timken Co (NYSE:TKR) to Hold in a report released today.
- Updated: October 1, 2016
Zacks Investment Research has upgraded Timken Co (NYSE:TKR) to Hold in a report released on 9/29/2016.
Previously on 04/28/2016, Stifel Nicolaus reported on Timken Co (NYSE:TKR) raised the target price from $34.00 to $40.00. At the time, this indicated a possible upside of 0.09%.
Yesterday Timken Co (NYSE:TKR) traded 1.68% higher at $34.69. TKR’s 50-day average is $33.56 and its two hundred day average is $33.19. With the last stock price close up 5.89% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was up over the average, with 632,896 shares of TKR changing hands over the typical 571,317
With a total market value of $0, Timken Co has price-earnings ratio of 21.11 with a one year low of $22.22 and a one year high of $37.07 .
A total of 7 equity analysts have released a ratings update on TKR. Two equity analysts rating the company a strong buy, one equity analyst rating the company a buy, seven equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $34.14.
Brief Synopsis About Timken Co (NYSE:TKR)
The Timken Company engineers, manufactures and markets bearings, transmissions, gearboxes, chain and related products and offers a spectrum of power system rebuild and repair services around the world. The Company operates through two segments: Mobile Industries, which offers bearings, seals, lubrication devices and systems, as well as power transmission components, engineered chain, augers and related products and maintenance services, and Process Industries, which provides industrial bearings and assemblies, power transmission components such as gears and gearboxes, couplings, seals, lubricants, chains and related products and services. The Company's industrial brands include Timken, Fafnir, Philadelphia Gear, Drives and Interlube. The Company sells products and services to the market sectors, including industrial equipment, construction, agriculture, rail, aerospace and defense, automotive, heavy truck and energy.
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