Timken Company (TKR) was downgraded to a Sell Rating at J.P. Morgan
In a report released today, Tomohiko Sano from J.P. Morgan downgraded Timken Company to a Sell, with a price target of $100.00.
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Sano covers the Industrials sector, focusing on stocks such as Helios Technologies, TIC Solutions, and Great Lakes Dredge & Dock. According to TipRanks, Sano has an average return of -1.1% and a 31.08% success rate on recommended stocks.
Timken Company has an analyst consensus of Moderate Buy, with a price target consensus of $111.00.
Based on Timken Company’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.11 billion and a net profit of $62.3 million. In comparison, last year the company earned a revenue of $1.07 billion and had a net profit of $71.2 million
Based on the recent corporate insider activity of 93 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TKR in relation to earlier this year. Last month, Michael Anthony Discenza, the EVP & CFO of TKR sold 1,532.00 shares for a total of $167,891.88.
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