Recent exceptional negative changes in investment behavior have affected TimkenSteel Corp (NYSE: TMST): negative upside/downside volume developed, and its shorter term price trend turned down.
TimkenSteel Corp (NYSE: TMST) suffers from significant negative changes in fundamentals: the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
TMST is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
TimkenSteel has a current Value Trend Rating of C (Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. TimkenSteel has a slightly positive Appreciation Score of 62 and a neutral Power Rating of 47, triggering the Neutral Value Trend Rating.
Recent Price Action
TimkenSteel Corp (NYSE: TMST) stock closed at $21.70 on 6/12/24 after a slight gain of 0.2%. However, trading volume in this advance was below average at 72% of normal. The stock has performed in line with the market over the last nine months and has declined -2.8% during the last week.
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