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Home โบ Stocks โบ TimkenSteel Corporation (TMST) Stock Forecast & Price Prediction United States | NYSE | Basic Materials | Steel
$20.56
-0.95 (-4.42%)Did TMST Make This Month's Elite Buy List?
We don't follow just any analyst โ only the top 3% with a proven track record make our cut. See if TimkenSteel is one of their latest high-conviction picks.
Based on our analysis of 2 Wall Street analysts, TMST has a neutral consensus with a median price target of $28.00 (ranging from $28.00 to $28.00). The overall analyst rating is Buy (6.0/10). Currently trading at $20.56, the median forecast implies a 36.2% upside. This outlook is supported by 2 Buy, 3 Hold, and 0 Sell ratings.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for TMST.
| Date | Firm | Analyst | Rating | Change | Price Target |
|---|---|---|---|---|---|
| Aug 2, 2022 | Keybanc | Philip Gibbs | Sector Weight | Downgrade | $N/A |
| Jul 19, 2022 | Keybanc | Overweight | Maintains | $N/A | |
| Apr 20, 2022 | Keybanc | Overweight | Maintains | $N/A | |
| Mar 16, 2022 | Keybanc | Overweight | Maintains | $N/A | |
| Feb 28, 2022 | Keybanc | Overweight | Maintains | $N/A | |
| Nov 8, 2021 | Keybanc | Overweight | Maintains | $N/A | |
| Oct 14, 2021 | Keybanc | Overweight | Maintains | $N/A | |
| Aug 9, 2021 | Keybanc | Overweight | Maintains | $N/A | |
| May 10, 2021 | Keybanc | Overweight | Maintains | $N/A | |
| Mar 8, 2021 | Keybanc | Overweight | Maintains | $N/A | |
| Mar 1, 2021 | Keybanc | Overweight | Maintains | $N/A | |
| Feb 23, 2021 | Keybanc | Overweight | Upgrade | $N/A | |
| Feb 26, 2019 | Cowen & Co. | Market Perform | Downgrade | $N/A | |
| Jan 9, 2019 | Cowen & Co. | Outperform | Initiates | $N/A | |
| Jul 30, 2018 | Keybanc | Sector Weight | Downgrade | $N/A | |
| Jun 14, 2018 | Keybanc | Overweight | Maintains | $N/A | |
| Mar 16, 2018 | Keybanc | Overweight | Maintains | $N/A | |
| Feb 12, 2018 | Keybanc | Overweight | Upgrade | $N/A | |
| Jan 11, 2018 | Keybanc | Sector Weight | Upgrade | $N/A | |
| Dec 6, 2017 | Keybanc | Underweight | Downgrade | $N/A |
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TimkenSteel Corporation has a market capitalization of $895.36M with a P/E ratio of 24.9x. The company generates $1.36B in trailing twelve-month revenue with a 5.1% profit margin.
Revenue growth is +33.7% quarter-over-quarter, while maintaining an operating margin of +5.7% and return on equity of +9.8%.
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Manufactures and sells alloy and carbon steel products.
TimkenSteel Corporation generates revenue by producing and selling a variety of steel products, including alloy steel, carbon steel, and micro-alloy steel. The company caters to multiple sectors such as automotive, oil and gas, and industrial equipment by providing both standard and custom-made steel components.
Founded in 1899 and headquartered in Canton, Ohio, TimkenSteel serves a diverse clientele, supplying products used in critical applications like gears, axles, and energy sectors. Its longstanding presence in the market positions it as a reliable supplier in the steel industry.
Basic Materials
Steel
0
Mr. Michael S. Williams B.Sc.
United States
2014
TimkenSteel Corp. (NYSE: TMST) will release its Q4 and full-year 2023 financial results on February 27, 2024. It will rebrand as Metallus Inc. and trade under the new ticker MTUS.
TimkenSteel's name change and upcoming financial results could signal strategic shifts, impacting stock performance and investor sentiment. Market reactions may follow the earnings announcement.
TimkenSteel (NYSE: TMST) will change its name to Metallus Inc. and adopt the ticker symbol MTUS, effective February 27, 2024, reflecting its legacy in high-performance metals.
TimkenSteel's rebranding to Metallus Inc. signifies a strategic shift, potentially attracting new investors and altering market perception, impacting stock performance under the new ticker MTUS.
Worlds partners with TimkenSteel to integrate its AI platform into steel manufacturing, enhancing safety, efficiency, and sustainability in operations.
The partnership between Worlds and TimkenSteel could enhance operational efficiencies and sustainability, potentially boosting profitability and market position, which may positively impact stock performance.
TimkenSteel (TMST) reported higher sales prices and increased shipments, contributing positively to its revenue in Q3.
TimkenSteel's Q3 growth in sales prices and shipments indicates strong demand, potentially boosting profitability and signaling positive market trends for investors.
TimkenSteel Corporation (TMST) held its Q3 2023 earnings call, discussing financial performance and strategic initiatives. Further details can be found in the transcript.
TimkenSteel's Q3 earnings call provides insights into financial performance, operational efficiency, and market outlook, which can influence stock valuation and investor sentiment.
TimkenSteel reported Q3 2023 net sales of $354.2M and net income of $24.8M ($0.51/share). Adjusted EBITDA was $46.8M. Cash and equivalents totaled $225.4M, with $17.5M in capex and $7.7M for share repurchases.
TimkenSteel's solid net sales and adjusted EBITDA indicate operational strength. Cash reserves and share repurchases signal confidence in future growth, positively influencing investor sentiment.
Based on our analysis of 2 Wall Street analysts, TimkenSteel Corporation (TMST) has a median price target of $28.00. The highest price target is $28.00 and the lowest is $28.00.
According to current analyst ratings, TMST has 2 Buy ratings, 3 Hold ratings, and 0 Sell ratings. The stock is currently trading at $20.56. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict TMST stock could reach $28.00 in the next 12 months. This represents a 36.2% increase from the current price of $20.56. Please note that this is a projection by Wall Street analysts and not a guarantee.
TimkenSteel Corporation generates revenue by producing and selling a variety of steel products, including alloy steel, carbon steel, and micro-alloy steel. The company caters to multiple sectors such as automotive, oil and gas, and industrial equipment by providing both standard and custom-made steel components.
The highest price target for TMST is $28.00 from at , which represents a 36.2% increase from the current price of $20.56.
The lowest price target for TMST is $28.00 from at , which represents a 36.2% increase from the current price of $20.56.
The overall analyst consensus for TMST is neutral. Out of 2 Wall Street analysts, 2 rate it as Buy, 3 as Hold, and 0 as Sell, with a median price target of $28.00.
Stock price projections, including those for TimkenSteel Corporation, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.