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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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportTimken Company (The) (TKR): Free Stock Analysis ReportGlobal Brass and Copper Holdings, Inc. (BRSS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research