Could Timkensteel Corp (TMST) Decline After Today’s Big 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 1.50 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 EPS 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. The rating was maintained by Jefferies on Tuesday, August 1 with “Hold”. The rating was maintained by Cowen & Co with “Outperform” on Thursday, November 17. The firm has “Hold” rating by Jefferies given on Wednesday, July 19. The stock of Timkensteel Corp (NYSE:TMST) has “Market Perform” rating given on Monday, September 14 by Cowen & Co. The stock has “Outperform” rating by Cowen & Co on Thursday, August 11. The firm earned “Sector Weight” rating on Monday, August 31 by KeyBanc Capital Markets. The firm has “Market Perform” rating by Cowen & Co given on Wednesday, February 3. Cowen & Co maintained the shares of TMST in report on Thursday, August 6 with “Outperform” rating. The stock of Timkensteel Corp (NYSE:TMST) earned “Sell” rating by ValuEngine on Monday, May 29. The rating was maintained by Jefferies with “Buy” on Wednesday, September 16.

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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