The Timken Company (TKR) price jumped close to $75.01 early on Friday: What’s Next?

The Timken Company (NYSE:TKR) shares fell to a low of $73.17 before closing at $75.01. Intraday shares traded counted 0.49 million, which was 14.09% higher than its 30-day average trading volume of 571.85K. TKR’s previous close was $72.81 while the outstanding shares total 75.55M. The firm has a beta of 1.74, a 12-month trailing P/E ratio of 20.13, and a growth ratio of 3.05. The stock’s Relative Strength Index (RSI) is 45.75, with weekly volatility at 2.68% and ATR at 2.45. The TKR stock’s 52-week price range has touched low of $22.25 and a $86.44 high. The stock traded higher over the last trading session, gaining 3.02% on 02/19/21.

Investors have identified the Tools & Accessories company The Timken Company as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $5.51 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.

The Timken Company (TKR) Fundamentals that are to be considered.

When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For TKR, the company has in raw cash 321.1 million on their books with 10.9 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 2.0 billion total, with 848.0 million as their total liabilities.

Having a look at the company’s valuation, the company is expected to record 5.64 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on TKR sounds very interesting.

Is the stock of TKR attractive?

In related news, EVP – Human Resources, Myers Ronald J sold 8,537 shares of the company’s stock in a transaction that recorded on Feb 16. The sale was performed at an average price of 74.36, for a total value of 634,821. As the sale deal closes, the President and CEO, Kyle Richard G now sold 57,221 shares of the company’s stock, valued at 4,224,975. Also, President and CEO, Kyle Richard G sold 24,712 shares of the company’s stock in a deal that was recorded on Nov 19. The shares were price at an average price of 71.45 per share, with a total market value of 1,765,598. Following this completion of acquisition, the EVP & CFO, Fracassa Philip D. now holds 15,514 shares of the company’s stock, valued at 1,132,293. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.60%.

9 out of 12 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on The Timken Company. 0 analysts has assigned a Sell rating on the TKR stock. The 12-month mean consensus price target for the company’s shares has been set at $91.60.

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