KeyBanc Maintains a Buy Rating on Timkensteel (TMST)

KeyBanc analyst Philip Gibbs maintained a Buy rating on Timkensteel (TMSTResearch Report) today and set a price target of $24.00. The company’s shares closed last Monday at $17.95.

According to TipRanks.com, Gibbs is a 5-star analyst with an average return of 12.4% and a 53.6% success rate. Gibbs covers the Basic Materials sector, focusing on stocks such as Commercial Metals Company, Allegheny Technologies, and Worthington Industries.

Timkensteel has an analyst consensus of Moderate Buy, with a price target consensus of $24.00.

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The company has a one-year high of $26.23 and a one-year low of $11.68. Currently, Timkensteel has an average volume of 739.6K.

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TMST in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

TimkenSteel Corp. engages in the manufacture of alloy, carbon and micro-alloy steel products. It includes special bar quality steel, seamless mechanical tubing, gears, grades of steel, jumbo bloom vertical caster, TimkenSteel ultrapremium technology, and TimkenSteel endurance steels. Its services include thermal treatment, value added components, technical support and testing, supply chain, and TimkenSteel portal. The company was founded on October 24, 2013 and is headquartered in Canton, OH.

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