Why Timken Company (The) (NYSE:TKR) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $35.00 on Timken Company (The) (NYSE:TKR) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.96 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Timken Company (The) (NYSE:TKR) stands at 20.21. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Timken Company (The) Common Sto, the PEG ratio for coming 3-5 years is 10.51. Technical Analysis The technical analysis highlights that Timken Company (The) Common Sto current price is trading $-1.80 points away -5.50% from $32.70, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $31.05 and, for now, the stock price is trading $-0.15 or -0.47% away from that point. The 52-week high of Timken Company (The) (NYSE:TKR) was $37.07 while lowest point recorded in 52-week was $22.22. It implies if stock price makes a movement of over $-6.17, it will record a new 52-week high. In the case of $+39.06% points drop, it will touch a new 52-week low.

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