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Timken Co. logoTimken (NYSE:TKR) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a note issued to investors on Monday, AnalystRatings.Net reports. The firm currently has a $55.70 price objective on the stock. Zacks‘ price target would indicate a potential upside of 1.75% from the company’s current price. Timken (NYSE:TKR) traded up 0.67% on Monday, hitting $55.108. 266,251 shares of the company’s stock traded hands. Timken has a 52-week low of $46.03 and a 52-week high of $64.35. The stock’s 50-day moving average is $52.50 and its 200-day moving average is $57.1. The company has a market cap of $5.215 billion and a P/E ratio of 18.47. Timken (NYSE:TKR) last announced its earnings results on Thursday, October 24th. The company reported $0.54 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.89 by $0.35. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the company posted $0.83 earnings per share. Timken’s revenue was down 7.1% compared to the same quarter last year. Several other analysts have also recently commented on the stock. Analysts at ISI Group downgraded shares of Timken from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, November 7th. They now have a $53.00 price target on the stock, down previously from $68.00. Separately, analysts at Merrill Lynch downgraded shares of Timken from a “buy” rating to a “neutral” rating in a research note to investors on Friday, October 25th. Finally, analysts at Jefferies Group cut their price target on shares of Timken from $73.00 to $62.00 in a research note to investors on Friday, October 25th. They now have a “buy” rating on the stock. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $61.39. FAG HCS71916C.T.P4S.UL| FAG HCS71913E.T.P4S.UL | FAG HCS71914C.T.P4S.UL | FAG HCS71912E.T.P4S.UL | FAG HCS71911E.T.P4S.UL | FAG HCS7010C.T.P4S.UL | FAG HCS71906E.T.P4S.UL | FAG HCS7008C.T.P4S.UL | FAG HCS71906C.T.P4S.UL | FAG HCS71905E.T.P4S.UL |
