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The latest update is out from Timken Company ( (TKR) ).
Timken Company has applied to the Ontario Securities Commission to cease being a ‘reporting issuer’ in Ontario, the only Canadian jurisdiction where it holds this status. If approved, Timken will no longer need to file certain financial reports in Canada, aligning its reporting obligations with those in the United States, while ensuring Canadian shareholders continue to receive all necessary disclosures as per U.S. securities laws and NYSE rules.
The most recent analyst rating on (TKR) stock is a Buy with a $90.00 price target. To see the full list of analyst forecasts on Timken Company stock, see the TKR Stock Forecast page.
Spark’s Take on TKR Stock
According to Spark, TipRanks’ AI Analyst, TKR is a Outperform.
Timken’s overall stock score reflects a solid financial foundation and balanced technical indicators, tempered by valuation concerns and mixed earnings call sentiment. The company’s strong cash flow and profitability are significant strengths, while challenges in revenue growth and trade uncertainties pose risks.
To see Spark’s full report on TKR stock, click here.
More about Timken Company
The Timken Company is a global technology leader specializing in engineered bearings and industrial motion. With over 125 years of experience, Timken designs innovative, customer-centric solutions to enhance reliability and efficiency across diverse industries. In 2024, the company reported $4.6 billion in sales and employs approximately 19,000 people worldwide, operating in 45 countries.
Average Trading Volume: 711,371
Technical Sentiment Signal: Strong Buy
Current Market Cap: $5.27B
Learn more about TKR stock on TipRanks’ Stock Analysis page.