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Oppenheimer Thinks Timken Company’s Stock is Going to Recover

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In a report released today, Bryan Blair from Oppenheimer maintained a Buy rating on Timken Company (TKRResearch Report). The company’s shares closed last Friday at $57.64, close to its 52-week low of $55.32.

According to TipRanks.com, Blair is a 5-star analyst with an average return of 17.1% and a 56.0% success rate. Blair covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Watts Water Technologies, and Altra Industrial Motion.

Currently, the analyst consensus on Timken Company is a Moderate Buy with an average price target of $78.00.

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The company has a one-year high of $92.39 and a one-year low of $55.32. Currently, Timken Company has an average volume of 559.6K.

Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TKR 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.

The Timken Co. engages in the engineering, manufacturing and marketing of bearings and power transmission products. It offers gearboxes, belts, chain, lubrication systems, couplings, industrial clutches and brakes. It operates through the Mobile Industries and Process Industries segments. The Mobile Industries segment serves OEM customers that manufacture off-highway equipment for the agricultural, mining and construction markets; on-highway vehicles including passenger cars, light trucks, and medium- and heavy-duty trucks; rail cars and locomotives; outdoor power equipment; and rotorcraft and fixed-wing aircraft. The Process Industries segment handles OEM and end-user customers in industries that place heavy demands on the fixed operating equipment they make or use in heavy and other general industrial sectors. The company was founded by Henry Timken in 1899 and is headquartered in North Canton, OH.

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