December 8, 2022
  • December 8, 2022

Timken Company (The) – Consensus Says 28.1% Upside

By on July 11, 2021 0


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Timken Company (The) with the ticker code (TKR) now have 8 analysts covering the stock with the consensus suggesting a rating of “Buy”. The target price is between 110 and 91 with an average TP of 99.75. With the stock’s previous close at 77.89, that would imply a potential rise of 28.1%. The 50-day moving average is 83.13 and the 200-day MA is 81.9. The company has a market capitalization of $ 6,104 million. Visit the company’s website at: http://www.timken.com

The Timken Company designs, manufactures and operates technical bearings and power transmission products and services around the world. It operates in two segments, the mobile industries and the processing industries. The mobile industries segment offers a portfolio of bearings, seals and lubrication devices and systems, as well as power transmission components, technical chains, augers, belts, couplings, clutches, brakes and related products and maintenance services to original equipment manufacturers (OEMs) and end users of off-road equipment for the agriculture, construction, mining, full electrical equipment markets air and motorsports; and road vehicles, including passenger cars, light trucks, and medium and heavy trucks, as well as rail cars and locomotives. It also supplies power transmission systems and flight critical components for civil and military aircraft, which include bearings, rotor head assemblies, helicopter transmission systems, turbine engine components, gears and housings. This segment sells its parts through a network of authorized automotive and heavy-duty distributors to individual end users, equipment owners, operators and service shops. The Process Industries segment supplies industrial bearings and assemblies; power transmission components, such as gears and transmissions; 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 sales and after-sales service through a network of approved industrial distributors; and provides repair and service for bearings and gearboxes, as well as rewinding, repair and electric motor services to end users. The company offers its products under the brands Timken, Philadelphia Gear, Drives, Cone Drive, Rollon, Lovejoy, Diamond, BEKA and Groeneveld. The company was founded in 1899 and is headquartered in North Canton, Ohio.

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