TimkenSteel (NYSE:TMST) Rating Reaffirmed

Analysts at KeyBanc now has a $20 target on TimkenSteel (NYSE:TMST). KeyBanc and their recent target suggests a potential upside of 9.51 % from the company’s previous stock close. The rating has been shown in analysts note on Thursday morning.
TimkenSteel Corporation (NYSE:TMST) Ratings Coverage
Among 2 analysts covering Timkensteel Corp (NYSE:TMST), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Timkensteel Corp has $19 highest and $16.0 lowest target. $17.75’s average target is -2.81% below currents $18.2626 stock price. Timkensteel Corp had 4 analyst reports since January 11, 2018 according to SRatingsIntel. The stock has “Overweight” rating by KeyBanc Capital Markets on Friday, March 16. The stock of TimkenSteel Corporation (NYSE:TMST) earned “Overweight” rating by KeyBanc Capital Markets on Monday, February 12. The stock has “Hold” rating by Jefferies on Friday, January 26. KeyBanc Capital Markets upgraded it to “Hold” rating and $16.0 target in Thursday, January 11 report.
The stock increased 1.35% or $0.2426 during the last trading session, reaching $18.2626. About 77,148 shares traded. TimkenSteel Corporation (NYSE:TMST) has risen 23.22% since June 14, 2017 and is uptrending. It has outperformed by 10.65% the S&P500.
Analysts await TimkenSteel Corporation (NYSE:TMST) to report earnings on July, 30. They expect $0.30 earnings per share, up 900.00 % or $0.27 from last year’s $0.03 per share. TMST’s profit will be $13.36M for 15.22 P/E if the $0.30 EPS becomes a reality. After $-0.04 actual earnings per share reported by TimkenSteel Corporation for the previous quarter, Wall Street now forecasts -850.00 % EPS growth.
TimkenSteel Corporation manufactures and sells alloy steel, and carbon and micro-alloy steel products worldwide. The company has market cap of $813.22 million. It offers carbon, micro-alloy, and alloy steel ingots, bars, and tubes; and precision components, as well as thermal treatment and machining services. It currently has negative earnings. The companyÂ’s products are used in oil country drill pipes; bits and collars; gears; hubs; axles; crankshafts and connecting rods; bearing races and rolling elements; bushings; fuel injectors; wind energy shafts; anti-friction bearings; and other demanding applications It sells its services and products to the gas and oil, oil country tubular goods, automotive, industrial equipment, mining, construction, rail, aerospace and defense, heavy truck, agriculture, and power generation sectors.