TimkenSteel Corp (NYSE: MTUS) stock enjoyed a major increase of 11.0% on 11/6/24. The shares closed at $16.38. Moreover, unusually high trading volume at 156% of normal accompanied the advance. The stock has been extremely weak relative to the market over the last nine months but has risen 12.4% during the last week.
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 (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. TimkenSteel has a good Appreciation Score of 77 but a very low Power Rating of 12, producing the Low Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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