Timkensteel Corp Gets a Buy Rating from KeyBanc
In a report released today, Philip Gibbs from KeyBanc maintained a Buy rating on Timkensteel Corp (NYSE: TMST), with a price target of $20. The company’s shares closed yesterday at $18.02.
According to TipRanks.com, Gibbs is a 2-star analyst with an average return of 1.5% and a 62.0% success rate. Gibbs covers the Basic Materials sector, focusing on stocks such as Allegheny Technologies, Reliance Steel, and Steel Dynamics.
Timkensteel Corp has an analyst consensus of Moderate Buy, with a price target consensus of $20.
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Based on Timkensteel Corp’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $1.9 million. In comparison, last year the company had a GAAP net loss of $5.3 million.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock.
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TimkenSteel Corp. engages in manufacturing alloy steel, carbon and micro-alloy steel. Its portfolio includes SBQ bars, seamless mechanical tubing and precision steel components. The company is also engaged in supplying machining and thermal treatment services, as well as manage raw material recycling programs.