Somewhat Positive Media Coverage Somewhat Unlikely to Affect Timken Steel Corporation (TMST) Share Price
Media coverage about Timken Steel Corporation (NYSE:TMST) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Timken Steel Corporation earned a news impact score of 0.15 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 45.5010089794336 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Timken Steel Corporation (NYSE:TMST) traded up 3.38% during trading on Friday, hitting $16.50. The stock had a trading volume of 507,822 shares. The stock has a 50 day moving average price of $14.97 and a 200-day moving average price of $15.57. The stock’s market capitalization is $733.00 million. Timken Steel Corporation has a one year low of $9.30 and a one year high of $23.00.
Several brokerages have recently commented on TMST. Zacks Investment Research upgraded Timken Steel Corporation from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Tuesday, July 18th. BidaskClub raised Timken Steel Corporation from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Cowen and Company set a $23.00 price target on Timken Steel Corporation and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, ValuEngine raised Timken Steel Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $18.83.
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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