Timken Steel Corporation (NYSE:TMST) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday.

Several other research analysts have also commented on the stock. Zacks Investment Research raised shares of Timken Steel Corporation from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Tuesday, July 18th. Cowen and Company reaffirmed an “outperform” rating and issued a $23.00 price target on shares of Timken Steel Corporation in a report on Monday, June 26th. TheStreet lowered shares of Timken Steel Corporation from a “c-” rating to a “d+” rating in a report on Tuesday, June 6th. Finally, ValuEngine raised shares of Timken Steel Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, May 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $18.83.

Shares of Timken Steel Corporation (TMST) opened at 14.25 on Wednesday. The stock’s market capitalization is $633.04 million. Timken Steel Corporation has a one year low of $8.36 and a one year high of $23.00. The stock has a 50 day moving average of $15.26 and a 200-day moving average of $15.87.

WARNING: This report was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another website, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/09/13/timken-steel-corporation-tmst-downgraded-by-bidaskclub-to-strong-sell.html.

A number of large investors have recently modified their holdings of the stock. Arizona State Retirement System lifted its position in Timken Steel Corporation by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 20,400 shares of the basic materials company’s stock valued at $314,000 after purchasing an additional 100 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in Timken Steel Corporation by 1.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the basic materials company’s stock valued at $301,000 after purchasing an additional 300 shares during the last quarter. Nationwide Fund Advisors lifted its position in Timken Steel Corporation by 0.9% in the 1st quarter. Nationwide Fund Advisors now owns 33,447 shares of the basic materials company’s stock valued at $632,000 after purchasing an additional 310 shares during the last quarter. Texas Permanent School Fund lifted its position in Timken Steel Corporation by 1.2% in the 2nd quarter. Texas Permanent School Fund now owns 28,510 shares of the basic materials company’s stock valued at $438,000 after purchasing an additional 335 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its position in Timken Steel Corporation by 3.8% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,230 shares of the basic materials company’s stock valued at $142,000 after purchasing an additional 340 shares during the last quarter. Hedge funds and other institutional investors own 75.61% of the company’s stock.

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.

Receive News & Stock 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 stocks with our FREE daily email newsletter.