Is Buying Stock Like Timkensteel Corp (TMST) After Such Increase Winning Strategy?

September 17, 2017 - By Nellie Frank

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 1.50 million 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.

Wall Street await Timkensteel Corp (NYSE:TMST) to release earnings on October, 26. Analysts forecast earnings per share of $-0.08, up exactly $0.30 or 78.95 % from 2014’s $-0.38 EPS. After posting $0.03 EPS for the previous quarter, Timkensteel Corp’s analysts now forecast -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. KeyBanc Capital Markets initiated the stock with “Sector Weight” rating in Monday, August 31 report. Cowen & Co maintained Timkensteel Corp (NYSE:TMST) on Wednesday, May 31 with “Buy” rating. The stock has “Outperform” rating by Cowen & Co on Thursday, November 17. As per Thursday, July 27, the company rating was maintained by Cowen & Co. Cowen & Co maintained the stock with “Market Perform” rating in Wednesday, February 3 report. Jefferies maintained it with “Hold” rating and $1700 target in Tuesday, August 1 report. The firm has “Market Perform” rating by Cowen & Co given on Monday, September 14. As per Thursday, August 11, the company rating was upgraded by Cowen & Co. Macquarie Research downgraded Timkensteel Corp (NYSE:TMST) on Tuesday, November 29 to “Underperform” rating. Jefferies downgraded the stock to “Hold” rating in Wednesday, January 13 report.

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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