KeyBanc Capital Markets slashes price target on TimkenSteel Corporation [TMST] – find out why.

TimkenSteel Corporation [NYSE: TMST] plunged by -$1.14 during the normal trading session on Wednesday and reaching a high of $15.25 during the day while it closed the day at $14.32. The company report on April 26, 2021 that TimkenSteel Enters into an Agreement to Sell TimkenSteel (Shanghai) Corporation Limited to Daido Steel.

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TimkenSteel Corp. (NYSE: TMST), a leader in customized alloy steel products and services, announced it has signed a purchase agreement with Daido Steel (Shanghai) Co., Ltd. (“Daido”) with the intent to sell its TimkenSteel (Shanghai) Corporation Limited (“TSS”) subsidiary in China for approximately $7 million in cash.

“With this arrangement, Daido will move from a valued supplier to a key authorized distributor of TimkenSteel products in China,” stated Mike Williams, president and chief executive officer for TimkenSteel. “Daido and TimkenSteel have enjoyed a long relationship and have collaborated on everything from technical assistance to product development in order to support key customers in Asia and the United States. We thank the TSS team for their efforts on behalf of TimkenSteel and we wish everyone continued success.”.

TimkenSteel Corporation stock has also gained 4.83% of its value over the past 7 days. However, TMST stock has inclined by 154.80% in the 3 months of the year. Over the past six months meanwhile, it has gained 212.66% and gained 206.64% year-on date.

The market cap for TMST stock reached $647.26 million, with 45.40 million shares outstanding and 35.97 million shares in the current float. Compared to the average trading volume of 1.95M shares, TMST reached a trading volume of 1668807 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about 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 $12.25 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 1.11, with the Price to Sales ratio for TMST stock in the period of the last 12 months amounting to 0.77. The Price to Book ratio for the last quarter was 1.27, with the Price to Cash per share for the same quarter was set at 2.56. Price to Free Cash Flow for TMST in the course of the last twelve months was 6.07 with Quick ratio for the last quarter at 1.00.

TMST stock trade performance evaluation

TimkenSteel Corporation [TMST] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.83. With this latest performance, TMST shares gained by 32.72% in over the last four-week period, additionally plugging by 212.66% over the last 6 months – not to mention a rise of 371.05% 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 57.66, with the RSI for the last a single of trading hit 55.32, and the three-weeks RSI is set at 58.79 for TimkenSteel Corporation [TMST]. The present Moving Average for the last 50 days of trading for this stock 11.97, while it was recorded at 14.84 for the last single week of trading, and 6.66 for the last 200 days.

TimkenSteel Corporation [TMST]: An insightful look at the core 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 1.90.

Earnings per share (EPS) analysis for TimkenSteel Corporation [TMST] stock

With the latest financial reports released by the company, TimkenSteel Corporation posted -0.31/share EPS, while the average EPS was predicted by analysts to be reported at -0.8/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 61.30%. 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 Ownership positions

There are presently around $464 million, or 65.50% of TMST stock, in the hands of institutional investors. The top three institutional holders of TMST stocks are: BLACKROCK INC. with ownership of 6,768,531, which is approximately 4.819% of the company’s market cap and around 3.60% of the total institutional ownership; VANGUARD GROUP INC, holding 3,246,962 shares of the stock with an approximate value of $46.5 million in TMST stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $39.14 million in TMST stock with ownership of nearly -4.818% of the company’s market capitalization.

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Positions in TimkenSteel Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 74 institutional holders increased their position in TimkenSteel Corporation [NYSE:TMST] by around 8,669,579 shares. Additionally, 66 investors decreased positions by around 4,016,439 shares, while 24 investors held positions by with 19,724,475 shares. The mentioned changes placed institutional holdings at 32,410,493 shares, according to the latest SEC report filing. TMST stock had 35 new institutional investments in for a total of 3,170,239 shares, while 16 institutional investors sold positions of 2,093,407 shares during the same period.

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