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Timken Company (TKR) Soars: Stock Adds 6.6% in Session


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The Timken CompanyTKR was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $43.15 to $46.70 in the past one-month time frame.

The move came after the company said that it expects both its sales and earnings to increase this year, in the Outlook for 2018.

The company has seen two positive estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few months, suggesting that more solid trading could be ahead for Timken Company. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Timken Company currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Timken Company (The) Price

Timken Company (The) Price | Timken Company (The) Quote



A better-ranked stock in the Metal Products - Procurement and Fabrication industry is Global Brass and Copper Holdings, Inc. BRSS , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .

Is TKR going up? Or down? Predict to see what others think: Up or Down

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Timken Company (The) (TKR): Free Stock Analysis Report

Global Brass and Copper Holdings, Inc. (BRSS): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Investing Ideas , Stocks
Referenced Symbols: TKR , BRSS



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