The Timken Company (NYSE:TKR) finished Friday with an addition of $0.03 to close at $77.37, an upside of 0.04 percent. An average of 777,320 shares of common stock have been traded in the last five days. There was a fall of -$3.59 in the past week, and it reached a new high 34 times over the past 12 months. The last 20 days have seen an average of 750,100 shares traded, while the 50-day average volume stands at 640,422.
TKR stock has decreased by -17.02% in the last month. The company shares reached their 1-month lowest point of $76.78 on 08/11/23. With the stock rallying to its 52-week high on 07/12/23, shares of the company touched a low of $58.35 and a high of $95.08 in 52 weeks. It has reached a new high 28 times so far this year and achieved 9.48% or $6.70 in price. In spite of this, the price is down -18.63% from the 52-week high.
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Insider Transactions
TKR stock investors should be aware that The Timken Company (TKR) stock had its last reported insider trading activity 5 days ago on Aug 07. In this transaction, the insider spent $2,556,637. President and CEO, Kyle Richard G, disposed of 24,432 shares at a price of $74.64 on May 23. The insider now owns more than $1,823,642 worth of shares. Prior to that, President and CEO Kyle Richard G went on to Sale 23,232 shares at $73.77 each on May 16. An amount of $1,713,825 was transacted.
Valuation Metrics
The Timken Company (TKR) has a trailing price-to-earnings (P/E) ratio of 13.10. The stock’s beta is 1.61. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.21, the price-to-book (PB) ratio at 2.20, and the price-to-cash flow ratio at 17.82.
Financial Health
The quick ratio of The Timken Company for the recent quarter was 1.40, and the current ratio was 2.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.81 and a total debt to equity ratio of 0.83 for the recent quarter. The Timken Company’s EBITDA margin is 18.20%, while its operating margin for the same period stands at 13.60%. Its gross profit as reported stood at $1.29 billion compared to revenue of $4.5 billion.
Earnings Surprise
For the recent quarter, The Timken Company had $2.05 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $125.2 million in the quarter, while revenues of $122.3 million were grew 16.13%. Shareholders own equity worth $71.04 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at The Timken Company (TKR) price momentum. RSI 9-day as of the close on 11 August was 16.45%, suggesting the stock is oversold, with historical volatility in this time frame at 42.73%.
As of today, TKR’s price is $78.49 -4.43% or -$3.59 from its 5-day moving average. TKR is currently trading -15.68% lower than its 20-day SMA and +1.64% higher than its 100-day SMA. However, the stock’s current price level is +8.13% above the SMA50 and +14.96% above the SMA200.
The stochastic %K and %D were 2.24% and 3.70%, respectively, and the average true range (ATR) was 2.46. With the 14-day stochastic at 3.39% and the average true range at 2.42, the RSI (14) stands at 25.26%. The stock has reached -4.73 on the 9-day MACD Oscillator while the 14-day reading was at -8.01.
Analyst Ratings
BofA Securities downgraded The Timken Company (NYSE: TKR) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for The Timken Company (TKR) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell TKR, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.
What is TKR’s price target for the next 12 months?
Analysts predict a range of price targets between $82.00 and $120.00, with a median target of $100.00. Taking a look at these predictions, the average price target given by analysts for The Timken Company (TKR) stock is $98.20.
