Timken Steel Corporation (NYSE:TMST)‘s stock had its “hold” rating reaffirmed by equities research analysts at Jefferies Group LLC in a report released on Thursday.

A number of other research analysts have also recently issued reports on the stock. BidaskClub cut shares of Timken Steel Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 13th. Cowen and Company reaffirmed a “buy” rating on shares of Timken Steel Corporation in a report on Friday, September 1st. Zacks Investment Research raised shares of Timken Steel Corporation from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Tuesday, July 18th. Finally, J P Morgan Chase & Co started coverage on shares of Timken Steel Corporation in a report on Wednesday, October 4th. They issued a “neutral” rating and a $17.00 target price for the company. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Timken Steel Corporation presently has a consensus rating of “Hold” and an average price target of $18.38.

Shares of Timken Steel Corporation (NYSE TMST) opened at 17.47 on Thursday. The company has a 50-day moving average price of $15.58 and a 200 day moving average price of $15.30. The firm’s market capitalization is $776.09 million. Timken Steel Corporation has a 12-month low of $9.39 and a 12-month high of $23.00.

COPYRIGHT VIOLATION WARNING: “Timken Steel Corporation (TMST) Stock Rating Reaffirmed by Jefferies Group LLC” was published by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another site, it was stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this news story can be read at https://www.watchlistnews.com/timken-steel-corporation-tmst-stock-rating-reaffirmed-by-jefferies-group-llc/1629952.html.

Institutional investors have recently modified their holdings of the business. Aperio Group LLC increased its holdings in Timken Steel Corporation by 31.0% in the second quarter. Aperio Group LLC now owns 25,156 shares of the basic materials company’s stock valued at $387,000 after buying an additional 5,954 shares in the last quarter. State Street Corp increased its holdings in Timken Steel Corporation by 15.4% in the first quarter. State Street Corp now owns 1,585,433 shares of the basic materials company’s stock valued at $29,978,000 after buying an additional 211,004 shares in the last quarter. Royce & Associates LP increased its holdings in Timken Steel Corporation by 42.2% in the second quarter. Royce & Associates LP now owns 1,097,301 shares of the basic materials company’s stock valued at $16,866,000 after buying an additional 325,555 shares in the last quarter. State of Tennessee Treasury Department increased its holdings in Timken Steel Corporation by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 37,029 shares of the basic materials company’s stock valued at $700,000 after buying an additional 5,588 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in Timken Steel Corporation by 36.0% in the second quarter. Van ECK Associates Corp now owns 135,598 shares of the basic materials company’s stock valued at $2,084,000 after buying an additional 35,888 shares in the last quarter. 75.61% of the stock is owned by institutional investors.

About Timken Steel Corporation

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.

Receive News & Ratings for Timken Steel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Timken Steel Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.