TimkenSteel Corp (NYSE: TMST) stock closed at $17.35 on 8/9/24 after a major decline of -11.4%. Moreover, trading volume in this decline was exceptionally high at 252% of normal. The stock has performed in line with the market over the last nine months and has declined -16.6% 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 (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. TimkenSteel has a good Appreciation Score of 74 but a slightly negative Power Rating of 34, triggering the Neutral Value Trend Rating.
Rating Review
In light of this highly negative 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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