DA Davidson has adjusted its rating for Timken (TKR, Financial) from Buy to Neutral, with a price target reduction from $97 to $66. The change reflects ongoing challenges the company faces beyond tariff and broader economic issues, notably in the absence of a full-time CEO. Timken's recent leadership gap follows the unexpected departure of a promising leader in March, which has contributed to a more cautious company outlook.
The analyst highlighted that initiatives previously supporting a more optimistic view, such as a shift towards faster growth, may now experience delays. During a recent industry conference, Timken's tone was noted as particularly cautious relative to the uncertain macroeconomic climate, adding further weight to the decision to downgrade the stock.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for The Timken Co (TKR, Financial) is $85.44 with a high estimate of $102.00 and a low estimate of $70.00. The average target implies an upside of 39.12% from the current price of $61.42. More detailed estimate data can be found on the The Timken Co (TKR) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, The Timken Co's (TKR, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for The Timken Co (TKR, Financial) in one year is $78.14, suggesting a upside of 27.22% from the current price of $61.42. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the The Timken Co (TKR) Summary page.
