Zacks Investment Research upgraded Timkensteel Corp (NYSE:TMST) to Hold in a report released today.
- Updated: September 15, 2016
Zacks Investment Research has upgraded Timkensteel Corp(NYSE:TMST) to Hold in a statement released on Friday September 16 2016.
Only yesterday Timkensteel Corp (NYSE:TMST) traded 1.15% lower at $8.56. Timkensteel Corp’s 50-day average is $9.55 and its 200-day moving average is $9.99. With the last stock price close down 14.31% relative to the two hundred day average, compared to the S&P 500 which has decreased -0.01% over the same time. 561,791 shares of the stock were exchanged, down from ann average trading volume of 638,062.
Recent Performance Graph:
Timkensteel Corp has a 52 week low of $3.69 and a one-year high of $15.25 and has a market capitalization of $0.0.
A total of 3 brokerages have issued a report on Timkensteel Corp. Zero rate the stock a strong buy, one firm rate the company a buy, four firms rate the company a hold, 0 rate the company to underperform, and finally 0 brokeragesrate the company as sell with a one year target stock price of $11.33
Brief Synopsis On Timkensteel Corp (NYSE:TMST)
TimkenSteel Corporation manufactures 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. It operates in two segments: 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. It offers services to various sectors, including oil and gas; automotive; industrial equipment; mining; construction; rail; aerospace and defense; heavy truck; agriculture, and power generation. The Company’s steels are featured in a range of end products, including oil drill pipe; hubs; axles; crankshafts and connecting rods; bearing races and rolling elements; bushings; fuel injectors; wind energy shafts, and anti-friction bearings, and among others.
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