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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%)10 Quality Stocks Worth Considering Now
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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 | $0.00 |
Jul 19, 2022 | Keybanc | Overweight | Maintains | $0.00 | |
Apr 20, 2022 | Keybanc | Overweight | Maintains | $0.00 | |
Mar 16, 2022 | Keybanc | Overweight | Maintains | $0.00 | |
Feb 28, 2022 | Keybanc | Overweight | Maintains | $0.00 | |
Nov 8, 2021 | Keybanc | Overweight | Maintains | $0.00 | |
Oct 14, 2021 | Keybanc | Overweight | Maintains | $0.00 | |
Aug 9, 2021 | Keybanc | Overweight | Maintains | $0.00 | |
May 10, 2021 | Keybanc | Overweight | Maintains | $0.00 | |
Mar 8, 2021 | Keybanc | Overweight | Maintains | $0.00 | |
Mar 1, 2021 | Keybanc | Overweight | Maintains | $0.00 | |
Feb 23, 2021 | Keybanc | Overweight | Upgrade | $0.00 | |
Feb 26, 2019 | Cowen & Co. | Market Perform | Downgrade | $0.00 | |
Jan 9, 2019 | Cowen & Co. | Outperform | Initiates | $0.00 | |
Jul 30, 2018 | Keybanc | Sector Weight | Downgrade | $0.00 | |
Jun 14, 2018 | Keybanc | Overweight | Maintains | $0.00 | |
Mar 16, 2018 | Keybanc | Overweight | Maintains | $0.00 | |
Feb 12, 2018 | Keybanc | Overweight | Upgrade | $0.00 | |
Jan 11, 2018 | Keybanc | Sector Weight | Upgrade | $0.00 | |
Dec 6, 2017 | Keybanc | Underweight | Downgrade | $0.00 |
The following stocks are similar to TimkenSteel based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
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.
The company operates by producing and selling a variety of steel products, including alloy, carbon, and micro-alloy steels. It generates revenue through the sale of these products to various sectors such as automotive, oil and gas, and construction.
Founded in 1899 and headquartered in Canton, Ohio, TimkenSteel Corporation serves a diverse range of industries with applications in gears, bearings, and heavy machinery. The company also offers custom precision steel components, enhancing its value proposition to clients.
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. The company will rebrand as Metallus Inc. and trade under the new ticker MTUS.
TimkenSteel's upcoming financial results and rebranding to Metallus Inc. could significantly impact stock performance and investor sentiment, influencing trading strategies and market perception.
TimkenSteel (NYSE: TMST) will change its name to Metallus Inc., with trading under the new ticker symbol MTUS starting February 27, 2024. The rebranding reflects its commitment to high-performance metals.
TimkenSteel's rebranding to Metallus Inc. signals a strategic shift that may attract new investors and enhance its market position, impacting stock performance under the new ticker MTUS.
Worlds and TimkenSteel have formed a partnership to integrate AI technology into steel manufacturing, aiming to enhance safety, efficiency, and sustainability in operations.
The partnership enhances TimkenSteel's operations with AI, potentially boosting efficiency and sustainability. This could lead to increased profitability and competitive advantage, impacting investor sentiment positively.
TimkenSteel (TMST) reported increased revenue in Q3 due to higher base sales prices and increased shipments.
TimkenSteel's increased sales prices and shipments suggest robust demand and potential revenue growth, indicating a positive outlook for the company's financial performance.
TimkenSteel Corporation (TMST) held its Q3 2023 earnings call, discussing financial performance and strategic initiatives. Specific earnings figures and guidance details were provided during the call.
TimkenSteel's Q3 earnings call provides insights into financial performance, operational efficiency, and market trends, influencing stock valuation and investment decisions.
TimkenSteel reported Q3 2023 net sales of $354.2 million and net income of $24.8 million ($0.51 per share). Adjusted EBITDA was $46.8 million. Cash and equivalents totaled $225.4 million.
TimkenSteel's strong Q3 results, with robust sales and income, indicate financial health, cash flow stability, and effective capital management, which could enhance investor confidence and stock performance.
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.
The company operates by producing and selling a variety of steel products, including alloy, carbon, and micro-alloy steels. It generates revenue through the sale of these products to various sectors such as automotive, oil and gas, and construction.
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.