Zacks upgraded shares of Timken (NYSE: TKR) from an underperform rating to a neutral rating in a research report sent to investors on Wednesday morning. The firm currently has $47.60 price target on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Longbow Research downgraded shares of Timken from a buy rating to a neutral rating in a research note to investors on Tuesday, December 4th. Separately, analysts at Jefferies Group downgraded shares of Timken from a buy rating to a hold rating in a research note to investors on Thursday, November 29th. They now have a $45.00 price target on the stock. Finally, analysts at William Blair reiterated a market perform rating on shares of Timken in a research note to investors on Thursday, November 29th.
Shares of Timken traded down 0.26% during mid-day trading on Wednesday, hitting $46.49. Timken has a 52 week low of $32.59 and a 52 week high of $57.94. The company has a market cap of $4.456 billion and a P/E ratio of 8.65.
Timken last announced its earnings results on Thursday, October 25th. The company reported $0.83 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.01 by $0.18. The company
Product Model | Inside Diameter | Outside Diameter | Thickness |
5311N NACHI | 55 | 120 | 49.2 |
5211AN NACHI | 55 | 100 | 33.3 |