Jefferies Group reiterated their hold rating on shares of TimkenSteel Corp. (NYSE:TMST) in a research report report published on Thursday. Jefferies Group currently has a $9.75 price objective on the stock, down from their prior price objective of $11.00.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research downgraded TimkenSteel Corp. from a buy rating to a hold rating in a research note on Wednesday, May 25th. Cowen and Company upgraded TimkenSteel Corp. from a market perform rating to an outperform rating and set a $15.00 price target for the company in a research note on Thursday, August 11th.

Shares of TimkenSteel Corp. (NYSE:TMST) opened at 8.65 on Thursday. The company has a 50-day moving average of $9.47 and a 200-day moving average of $10.02. TimkenSteel Corp. has a 52 week low of $3.69 and a 52 week high of $15.25. The stock’s market capitalization is $382.51 million.

TimkenSteel Corp. (NYSE:TMST) last released its quarterly earnings data on Thursday, July 28th. The company reported ($0.24) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.02. TimkenSteel Corp. had a negative return on equity of 11.76% and a negative net margin of 9.13%. The company earned $223.10 million during the quarter, compared to the consensus estimate of $234.22 million. During the same period last year, the company earned ($0.54) EPS. TimkenSteel Corp.’s revenue for the quarter was down 19.8% on a year-over-year basis. On average, analysts anticipate that TimkenSteel Corp. will post ($1.22) EPS for the current year.

Several large investors have recently added to or reduced their stakes in the stock. Quantitative Systematic Strategies LLC increased its position in shares of TimkenSteel Corp. by 0.3% in the second quarter. Quantitative Systematic Strategies LLC now owns 17,985 shares of the company’s stock worth $170,000 after buying an additional 54 shares during the period. Arizona State Retirement System increased its position in shares of TimkenSteel Corp. by 0.5% in the first quarter. Arizona State Retirement System now owns 19,500 shares of the company’s stock worth $177,000 after buying an additional 100 shares during the period. Beese Fulmer Investment Management Inc. increased its position in shares of TimkenSteel Corp. by 0.9% in the second quarter. Beese Fulmer Investment Management Inc. now owns 17,782 shares of the company’s stock worth $171,000 after buying an additional 157 shares during the period. Metropolitan Life Insurance Co. NY increased its position in shares of TimkenSteel Corp. by 0.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 28,226 shares of the company’s stock worth $257,000 after buying an additional 256 shares during the period. Finally, Prudential Financial Inc. increased its position in shares of TimkenSteel Corp. by 0.6% in the second quarter. Prudential Financial Inc. now owns 132,977 shares of the company’s stock worth $1,279,000 after buying an additional 820 shares during the period. Institutional investors and hedge funds own 60.50% of the company’s stock.

TimkenSteel Corp. Company Profile

TimkenSteel Corporation manufactures alloy steel, as well as carbon and micro-alloy steel, with an annual melt capacity of approximately two million tons. The Company’s portfolio includes special bar quality (SBQ) bars, seamless mechanical tubing and precision steel components. It operates in two segments: Industrial & Mobile and Energy & Distribution.

5 Day Chart for NYSE:TMST

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