Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for The Timken Co (NYSE: TKR) weakened in recent days. TKR’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
The Timken Co (NYSE: TKR) stock increased 1.2% on 9/13/24. The shares closed at $79.77. Trading volume in this advance was normal. The stock has performed in line with the market over the last nine months and has risen 0.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, TKR is expected to continue to be an important Value Builder.
Timken has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Timken has a neutral Power Rating of 55 and a slightly positive Appreciation Score of 61, resulting in the High Neutral Value Trend Rating.
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