News headlines about Timken Steel Corporation (NYSE:TMST) have trended somewhat positive on Saturday, according to Accern Sentiment. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Timken Steel Corporation earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned headlines about the basic materials company an impact score of 44.8149816256077 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
A number of research firms recently commented on TMST. BidaskClub downgraded Timken Steel Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Cowen and Company reiterated a “buy” rating on shares of Timken Steel Corporation in a research note on Friday, September 1st. ValuEngine upgraded Timken Steel Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research downgraded Timken Steel Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 22nd. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $19.00 price target on shares of Timken Steel Corporation in a research note on Thursday. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Timken Steel Corporation presently has an average rating of “Hold” and a consensus target price of $19.00.
Shares of Timken Steel Corporation (TMST) traded up 1.09% during trading on Friday, reaching $17.57. The company’s stock had a trading volume of 370,678 shares. Timken Steel Corporation has a 1-year low of $9.39 and a 1-year high of $23.00. The stock’s market capitalization is $780.53 million. The company’s 50-day moving average price is $15.97 and its 200 day moving average price is $15.27.
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Timken Steel Corporation Company Profile
TimkenSteel Corporation manufactures alloy steel, as well as carbon and micro-alloy steel. The Company’s portfolio includes special bar quality (SBQ) bars, seamless mechanical tubing and precision steel components. 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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