In a report released yesterday, Stephen Volkmann from Jefferies reiterated a Buy rating on Timken Company (NYSE: TKR), with a price target of $55. The company’s shares closed yesterday at $44.15, close to its 52-week low of $41.85.
According to TipRanks.com, Volkmann is a 5-star analyst with an average return of 18.0% and a 68.8% success rate. Volkmann covers the Industrial Goods sector, focusing on stocks such as Illinois Tool Works, Titan International, and Parker Hannifin.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Timken Company with a $56.33 average price target.
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The company has a one-year high of $55.65 and a one-year low of $41.85. Currently, Timken Company has an average volume of 705K.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is neutral on the stock.
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The Timken Co. engages in the engineering, manufacture and marketing of bearings, transmissions, gearboxes, belts, chain, lubrication systems, couplings, industrial clutches and brakes, and related products. It operates through the Mobile Industries and Process Industries segments.
