Timken Company Consensus ‘Buy’ rating and 21.9% Upside Potential
17 Apr,2023
Timken Company (The) which can be found using ticker (TKR) have now 10 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The range between the high target price and low target price is between 105 and 81 with the average target price sitting at $93.80. Given that the stocks previous close was at $76.92 this now indicates there is a potential upside of 21.9%. The 50 day MA is $82.15 and the 200 day MA is $70.96. The total market capitalization for the company now stands at $5,624m.
The Timken Company designs, manufactures, and manages engineered bearings and industrial motion products worldwide. It operates in two segments, Mobile Industries and Process Industries. The Mobile Industries segment offers a portfolio of bearings, seals, and lubrication devices and systems, as well as industrial motion components, engineered chains, augers, belts, couplings, clutches, brakes, and related products and maintenance services to original equipment manufacturers (OEMs) and end-users of off-highway equipment for the agricultural, construction, mining, outdoor power equipment, and power sports markets; and on-highway vehicles, including passenger cars, light trucks, and medium- and heavy-duty trucks, as well as rail cars and locomotives. It also provides power transmission systems and flight-critical components for civil and military aircraft, which include bearings, turbine engine components, gears, and housings. This segment sells its parts through a network of authorized automotive and heavy-truck distributors to individual end-users, equipment owners, operators, and maintenance shops. The Process Industries segment provides industrial bearings and assemblies; industrial motion components, such as gears and gearboxes; and linear motion products, couplings, seals, lubricants, chains, belts, and related products and services to OEMs and end users in various industries. It also offers aftermarket sales and service needs through a network of authorized industrial distributors; and repair and service for bearings and gearboxes, as well as electric motor rewind, repair, and services to end-users. The company offers its products under the Timken, Philadelphia Gear, GGB, Drives, Cone Drive, Rollon, Lovejoy, Diamond, BEKA, Spinea, and Groeneveld brands. The Timken Company was founded in 1899 and is headquartered in North Canton, Ohio.
The company has a dividend yield of 1.6% with the ex dividend date set at 17-2-2023 (DMY).