Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for TimkenSteel Corp (NYSE: TMST) improved during the last several trading days. TMST’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
On 3/1/24, TimkenSteel Corp (NYSE: TMST) stock suffered a large decline of -5.0%, closing at $20.66. Moreover, unusually high trading volume at 193% of normal accompanied the decline. The stock has risen 3.5% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, TMST is expected to continue to be a Value Builder.
TimkenSteel has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. TimkenSteel has a slightly positive Appreciation Score of 62 and a slightly positive Power Rating of 67, resulting in the Positive Value Trend Rating.
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