Timken Co. [TKR] stock is trading at $82.14, down -2.13%. An important factor to consider is whether the stock is rising or falling in short-term value. The TKR shares have gain 1.11% over the last week, with a monthly amount drifted -3.11%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Evercore ISI downgraded its rating to In-line on February 20, 2024, and kept the price target unchanged to $84. On January 23, 2024, DA Davidson initiated with a Buy rating and assigned a price target of $92 on the stock. Morgan Stanley started tracking the stock assigning a Equal-Weight rating and suggested a price target of $74 on January 08, 2024. Jefferies downgraded its rating to a Hold and reduced its price target to $85 on December 20, 2023. BofA Securities downgraded its rating to Underperform for this stock on October 11, 2023, and downed its price target to $74. In a note dated July 21, 2023, BofA Securities downgraded an Neutral rating on this stock and boosted its target price from $88 to $100.
Timken Co. [TKR] stock has fluctuated between $65.71 and $94.71 over the past year. Currently, Wall Street analysts expect the stock to reach $90 within the next 12 months. Timken Co. [NYSE: TKR] shares were valued at $82.14 at the most recent close of the market. An investor can expect a potential return of 9.57% based on the average TKR price forecast.
Analyzing the TKR fundamentals
Timken Co. [NYSE:TKR] reported sales of 4.61B for the trailing twelve months, which represents a drop of -7.07%. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.13 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.79.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 81.35 points at the first support level, and at 80.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 83.67, and for the 2nd resistance point, it is at 85.21.
Ratios To Look Out For
For context, Timken Co.’s Current Ratio is 2.95. On the other hand, the Quick Ratio is 1.64, and the Cash Ratio is 0.5. Considering the valuation of this stock, the price to sales ratio is 1.25, the price to book ratio is 2.06 and price to earnings (TTM) ratio is 16.85.
Transactions by insiders
Recent insider trading involved Kyle Richard G, President and CEO, that happened on Aug 15 ’24 when 20000.0 shares were sold. EVP & CFO, Fracassa Philip D. completed a deal on Aug 15 ’24 to sell 5000.0 shares. Meanwhile, EVP & CFO Fracassa Philip D. sold 5000.0 shares on Aug 13 ’24.
