The stock of Timken Co (NYSE: TKR) has increased by 1.05 when compared to last closing price of 83.00. Despite this, the company has experienced a -0.87% fall in its stock price over the last five trading sessions. zacks.com reported 2024-10-29 that Timken (TKR) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Is It Worth Investing in Timken Co (NYSE: TKR) Right Now?
Timken Co (NYSE: TKR) has a higher price-to-earnings ratio of 17.21x compared to its average ratio, The 36-month beta value for TKR is at 1.43. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 7 as “hold,” and 1 as “sell.”
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The public float for TKR is 63.10M, and currently, shorts hold a 2.38% of that float. The average trading volume for TKR on November 01, 2024 was 435.55K shares.
TKR’s Market Performance
TKR’s stock has seen a -0.87% decrease for the week, with a 1.98% rise in the past month and a 3.62% gain in the past quarter. The volatility ratio for the week is 1.62%, and the volatility levels for the past 30 days are at 1.67% for Timken Co The simple moving average for the last 20 days is -0.65% for TKR stock, with a simple moving average of -0.22% for the last 200 days.
Analysts’ Opinion of TKR
Many brokerage firms have already submitted their reports for TKR stocks, with Citigroup repeating the rating for TKR by listing it as a “Neutral.” The predicted price for TKR in the upcoming period, according to Citigroup is $90 based on the research report published on October 14, 2024 of the current year 2024.
Evercore ISI gave a rating of “In-line” to TKR, setting the target price at $84 in the report published on February 20th of the current year.
TKR Trading at 1.01% 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 -11.44% of loss for the given period.
Volatility was left at 1.67%, however, over the last 30 days, the volatility rate increased by 1.62%, as shares sank -0.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.30% upper at present.
During the last 5 trading sessions, TKR fell by -1.17%, which changed the moving average for the period of 200-days by +6.86% in comparison to the 20-day moving average, which settled at $84.41. In addition, Timken Co saw 4.64% 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 20,000 shares at the price of $83.40 back on Aug 15 ’24. After this action, Kyle Richard G now owns 224,485 shares of Timken Co, valued at $1,668,000 using the latest closing price.
Fracassa Philip D., the EVP & CFO of Timken Co, sale 5,000 shares at $83.19 during a trade that took place back on Aug 15 ’24, which means that Fracassa Philip D. is holding 95,541 shares at $415,950 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 0.11. Equity return is now at value 13.00, with 5.40 for asset returns.
Based on Timken Co (TKR), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 0.79. The interest coverage ratio of the stock is 52.99.
Currently, EBITDA for the company is 657.1 million with net debt to EBITDA at 2.45. When we switch over and look at the enterprise to sales, we see a ratio of 1.67. The receivables turnover for the company is 4.91for trailing twelve months and the total asset turnover is 0.7. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.95.
Conclusion
In conclusion, Timken Co (TKR) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. 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.
