Timken Co. (NYSE: TKR)’s stock price has gone rise by 0.52 in comparison to its previous close of 81.92, however, the company has experienced a -0.66% decrease in its stock price over the last five trading days. zacks.com reported 2024-06-10 that AB SKF, The Timken, ESAB, Kaiser Aluminum and Northwest Pipe have been highlighted in this Industry Outlook article.
Is It Worth Investing in Timken Co. (NYSE: TKR) Right Now?
The price-to-earnings ratio for Timken Co. (NYSE: TKR) is 15.71x, which is above its average ratio. Moreover, the 36-month beta value for TKR is 1.46. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 1 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for TKR is 63.31M and currently, short sellers hold a 2.14% of that float. On June 19, 2024, TKR’s average trading volume was 433.17K shares.
TKR’s Market Performance
TKR stock saw a decrease of -0.66% in the past week, with a monthly decline of -9.14% and a quarterly a decrease of -3.06%. The volatility ratio for the week is 2.43%, and the volatility levels for the last 30 days are 2.28% for Timken Co. (TKR). The simple moving average for the last 20 days is -3.71% for TKR’s stock, with a simple moving average of 2.96% for the last 200 days.
Analysts’ Opinion of TKR
Many brokerage firms have already submitted their reports for TKR stocks, with Evercore ISI repeating the rating for TKR by listing it as a “In-line.” The predicted price for TKR in the upcoming period, according to Evercore ISI is $84 based on the research report published on February 20, 2024 of the current year 2024.
DA Davidson, on the other hand, stated in their research note that they expect to see TKR reach a price target of $92. The rating they have provided for TKR stocks is “Buy” according to the report published on January 23rd, 2024.
Morgan Stanley gave a rating of “Equal-Weight” to TKR, setting the target price at $74 in the report published on January 08th of the current year.
TKR Trading at -5.34% from the 50-Day Moving Average
After a stumble in the market that brought TKR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.39% of loss for the given period.
Volatility was left at 2.28%, however, over the last 30 days, the volatility rate increased by 2.43%, as shares sank -10.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.66% lower at present.
During the last 5 trading sessions, TKR fell by -0.66%, which changed the moving average for the period of 200-days by +7.76% in comparison to the 20-day moving average, which settled at $85.05. In addition, Timken Co. saw 2.74% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TKR starting from Kyle Richard G, who sale 30,000 shares at the price of $92.38 back on May 14 ’24. After this action, Kyle Richard G now owns 304,485 shares of Timken Co., valued at $2,771,250 using the latest closing price.
Fracassa Philip D., the EVP & CFO of Timken Co., sale 10,000 shares at $89.76 during a trade that took place back on May 06 ’24, which means that Fracassa Philip D. is holding 105,541 shares at $897,600 based on the most recent closing price.
Stock Fundamentals for TKR
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.31 for the gross margin
The net margin for Timken Co. stands at 0.08. The total capital return value is set at 0.13. Equity return is now at value 15.14, with 6.05 for asset returns.
Based on Timken Co. (TKR), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 0.96. The interest coverage ratio of the stock is 181.69.
Currently, EBITDA for the company is 657.1 million with net debt to EBITDA at 2.71. When we switch over and look at the enterprise to sales, we see a ratio of 1.68. The receivables turnover for the company is 5.19for trailing twelve months and the total asset turnover is 0.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.87.
Conclusion
To wrap up, the performance of Timken Co. (TKR) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
