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The Timken Co has a consensus price target of $88.17 based on the ratings of 13 analysts. The high is $104 issued by Keybanc on May 23, 2024. The low is $74 issued by Morgan Stanley on January 8, 2024. The 3 most-recent analyst ratings were released by Evercore ISI Group, Keybanc, and Keybanc on August 19, 2024, May 23, 2024, and May 2, 2024, respectively. With an average price target of $95.33 between Evercore ISI Group, Keybanc, and Keybanc, there's an implied 19.51% upside for The Timken Co from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Timken (NYSE:TKR) was reported by Evercore ISI Group on August 19, 2024. The analyst firm set a price target for $87.00 expecting TKR to rise to within 12 months (a possible 9.06% upside). 16 analyst firms have reported ratings in the last year.
The latest analyst rating for Timken (NYSE:TKR) was provided by Evercore ISI Group, and Timken maintained their in-line rating.
The last upgrade for The Timken Co happened on January 13, 2023 when B of A Securities raised their price target to $87. B of A Securities previously had a neutral for The Timken Co.
The last downgrade for The Timken Co happened on February 20, 2024 when Evercore ISI Group changed their price target from $84 to $84 for The Timken Co.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Timken, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Timken was filed on August 19, 2024 so you should expect the next rating to be made available sometime around August 19, 2025.
While ratings are subjective and will change, the latest Timken (TKR) rating was a maintained with a price target of $94.00 to $87.00. The current price Timken (TKR) is trading at is $79.77, which is out of the analyst’s predicted range.
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