TimkenSteel Corporation [TMST] stock Upgrade by KeyBanc Capital Markets analyst, price target now $10

TimkenSteel Corporation [NYSE: TMST] price plunged by -8.47 percent to reach at -$1.0. The company report on March 16, 2021 that TimkenSteel to Increase Prices on Special Bar Quality Products.

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TimkenSteel Corp. (NYSE: TMST), a leader in customized alloy steel products and services, announced it will increase base pricing on special bar quality (SBQ) products 3.500″ and below by $55 per ton and $40 per ton for sizes above 3.500″. This increase is applicable to orders not already covered by pricing agreements and is effective for shipments beginning May 3, 2021. All surcharge mechanisms remain in effect.

About TimkenSteel CorporationTimkenSteel (NYSE: TMST) manufactures high-performance carbon and alloy steel products in Canton, OH serving demanding applications in automotive, energy and a variety of industrial end markets. The company is a premier U.S. producer of alloy steel bars (up to 16 inches in diameter), seamless mechanical tubing and precision components. In the business of making high-quality steel primarily from recycled materials for more than 100 years, TimkenSteel’s proven expertise contributes to the performance of our customers’ products. The company employs approximately 2,000 people and had sales of $831 million in 2020. For more information, please visit us at www.timkensteel.com.

A sum of 1264041 shares traded at recent session while its average daily volume was at 1.69M shares. TimkenSteel Corporation shares reached a high of $11.87 and dropped to a low of $10.73 until finishing in the latest session at $10.81.

The one-year TMST stock forecast points to a potential downside of -3.94. The average equity rating for TMST stock is currently 2.30, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on TimkenSteel Corporation [TMST]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TMST shares is $10.40 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TMST stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

KeyBanc Capital Markets have made an estimate for TimkenSteel Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on February 23, 2021. The new note on the price target was released on August 10, 2020, representing the official price target for TimkenSteel Corporation stock. Previously, the target price had yet another raise from $4 to $4.50, while Cowen kept a Market Perform rating on TMST stock. On November 11, 2019, analysts decreased their price target for TMST shares from 9 to 5.

The Average True Range (ATR) for TimkenSteel Corporation is set at 1.01, with the Price to Sales ratio for TMST stock in the period of the last 12 months amounting to 0.55. The Price to Book ratio for the last quarter was 0.96, with the Price to Cash per share for the same quarter was set at 2.41. Price to Free Cash Flow for TMST in the course of the last twelve months was 2.94 with Quick ratio for the last quarter at 1.00.

TMST Stock Performance Analysis:

TimkenSteel Corporation [TMST] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.69. With this latest performance, TMST shares dropped by -9.84% in over the last four-week period, additionally plugging by 177.89% over the last 6 months – not to mention a rise of 227.58% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TMST stock in for the last two-week period is set at 52.59, with the RSI for the last a single of trading hit 47.11, and the three-weeks RSI is set at 55.70 for TimkenSteel Corporation [TMST]. The present Moving Average for the last 50 days of trading for this stock 8.91, while it was recorded at 11.40 for the last single week of trading, and 5.47 for the last 200 days.

Insight into TimkenSteel Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and TimkenSteel Corporation [TMST] shares currently have an operating margin of -6.95 and a Gross Margin at +2.29. TimkenSteel Corporation’s Net Margin is presently recorded at -7.45.

Return on Total Capital for TMST is now -8.53, given the latest momentum, and Return on Invested Capital for the company is -9.52. Return on Equity for this stock declined to -11.56, with Return on Assets sitting at -5.32. When it comes to the capital structure of this company, TimkenSteel Corporation [TMST] has a Total Debt to Total Equity ratio set at 19.55. Additionally, TMST Total Debt to Total Capital is recorded at 16.35, with Total Debt to Total Assets ending up at 8.91. Long-Term Debt to Equity for the company is recorded at 10.40, with the Long-Term Debt to Total Capital now at 8.70.

Reflecting on the efficiency of the workforce at the company, TimkenSteel Corporation [TMST] managed to generate an average of -$30,950 per employee. Receivables Turnover for the company is 11.80 with a Total Asset Turnover recorded at a value of 0.71.TimkenSteel Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 2.00.

TMST Stock EPS

With the latest financial reports released by the company, TimkenSteel Corporation posted -0.25/share EPS, while the average EPS was predicted by analysts to be reported at -0.23/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -8.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TMST.

TimkenSteel Corporation [TMST] Insider Position Details

There are presently around $302 million, or 62.10% of TMST stock, in the hands of institutional investors. The top three institutional holders of TMST stocks are: BLACKROCK INC. with ownership of 6,457,322, which is approximately 4.796% of the company’s market cap and around 2.30% of the total institutional ownership; DIMENSIONAL FUND ADVISORS LP, holding 2,871,926 shares of the stock with an approximate value of $31.05 million in TMST stocks shares; and VANGUARD GROUP INC, currently with $28.26 million in TMST stock with ownership of nearly 0.696% of the company’s market capitalization.

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Positions in TimkenSteel Corporation stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 62 institutional holders increased their position in TimkenSteel Corporation [NYSE:TMST] by around 2,605,929 shares. Additionally, 60 investors decreased positions by around 1,425,788 shares, while 23 investors held positions by with 23,892,779 shares. The mentioned changes placed institutional holdings at 27,924,496 shares, according to the latest SEC report filing. TMST stock had 19 new institutional investments in for a total of 638,907 shares, while 14 institutional investors sold positions of 120,306 shares during the same period.

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