Could Timkensteel Corp (TMST) Lose Strenght? The Stock Increases A Lot Today

September 17, 2017 - By Henry Gaston

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.

Investors wait Timkensteel Corp (NYSE:TMST) to report on October, 26. its quarterly earnings Wall Street analysts expect $-0.08 EPS, up $0.30 or 78.95 % from last year’s $-0.38 same quarter earnings. Timkensteel Corp’s Wall Street analysts see -366.67 % negative EPS growth, taking into account the $0.03 EPS reproted in the previous quarter,

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. Jefferies maintained Timkensteel Corp (NYSE:TMST) on Wednesday, September 6 with “Hold” rating. On Wednesday, July 19 the stock rating was maintained by Jefferies with “Hold”. The firm has “Sell” rating by ValuEngine given on Monday, May 29. The stock of Timkensteel Corp (NYSE:TMST) has “Outperform” rating given on Thursday, August 11 by Cowen & Co. The stock of Timkensteel Corp (NYSE:TMST) has “Outperform” rating given on Thursday, November 17 by Cowen & Co. The stock has “Underperform” rating by Macquarie Research on Tuesday, November 29. The stock has “Outperform” rating by Cowen & Co on Thursday, August 6. The firm earned “Market Perform” rating on Wednesday, February 3 by Cowen & Co. The stock of Timkensteel Corp (NYSE:TMST) earned “Buy” rating by Cowen & Co on Thursday, August 31. The firm has “Buy” rating given on Thursday, July 27 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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