Time to Buy Timkensteel Corp (TMST) After Today’s Significant Increase?

September 17, 2017 - By Stephen Andrade

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 1.50M 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. ValuEngine upgraded the stock to “Sell” rating in Monday, May 29 report. Jefferies maintained Timkensteel Corp (NYSE:TMST) on Monday, June 26 with “Hold” rating. The stock of Timkensteel Corp (NYSE:TMST) earned “Hold” rating by Jefferies on Wednesday, January 13. The firm has “Sector Weight” rating given on Monday, August 31 by KeyBanc Capital Markets. On Thursday, August 31 the stock rating was maintained by Cowen & Co with “Buy”. Cowen & Co maintained Timkensteel Corp (NYSE:TMST) on Monday, June 26 with “Buy” rating. The stock of Timkensteel Corp (NYSE:TMST) earned “Outperform” rating by Cowen & Co on Tuesday, February 21. Jefferies maintained the stock with “Hold” rating in Tuesday, August 1 report. The firm earned “Buy” rating on Thursday, July 27 by Cowen & Co. The firm has “Outperform” rating given on Thursday, August 11 by Cowen & Co.

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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