Timken Co. shares (TKR) recently surpassed the average analyst 12-month target price of $80.44, trading at $81.45 per share. This shift prompts analysts to reconsider their valuations, with reactions potentially varying based on company developments. The stock’s strong performance has raised questions about whether the current price is indicative of further gains or a signal to sell.
Among nine analysts covering Timken, the target range spans from $60 to $88, with a standard deviation of $9.606. Currently, there are six strong buy ratings and two hold ratings, resulting in an average rating of 1.5 on a scale where 1 is strong buy and 5 is strong sell.
This data was sourced from Zacks Investment Research and highlights the varied outlook among analysts on Timken’s future performance.
