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Do Analysts Expect Timkensteel Corp (TMST) Stock to Rise?

Wednesday, September 23, 2020 11:43 AM | InvestorsObserver Analysts

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Do Analysts Expect Timkensteel Corp (TMST) Stock to Rise?

Analysts who follow Timkensteel Corp (TMST) on average expect it to rise 124.18% over the next twelve months. Those same analysts give the stock an average rating of Buy.

That average rating earns TMST an Analyst Ranking of 23, which means it ranks higher than 23 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 3.5
Wall Street analysts are rating TMST a Buy today. Find out what this means to you and get the rest of the rankings on TMST!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected.

InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Timkensteel Corp Stock Today?

Timkensteel Corp (TMST) stock is trading at $3.68 as of 11:32 AM on Wednesday, Sep 23, a loss of -$0.03, or -0.81% from the previous closing price of $3.71. The stock has traded between $3.64 and $3.75 so far today. Volume today is light. So far 75,657 shares have traded compared to average volume of 245,634 shares.

Click Here to get the full report on Timkensteel Corp (TMST) Stock.

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