Merrill Lynch analyst Ross Gilardi maintained a Buy rating on Timken Company (NYSE:TKR) on Wednesday, setting a price target of $87, which is approximately 16.02% above the present share price of $74.99.
Gilardi expects Timken Company to post earnings per share (EPS) of $1.18 for the fourth quarter of 2020.
The current consensus among 6 TipRanks analysts is for a Strong Buy rating of shares in Timken Company, with an average price target of $77.83.
The analysts price targets range from a high of $87 to a low of $64.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $894.6 million and a net profit of $131 million. The company's market cap is $5.42 billion.
According to TipRanks.com, Merrill Lynch analyst Ross Gilardi is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of 0.0% and a 51.75% success rate.
The Timken Co . engages in the engineering, manufacturing and marketing of bearings and power transmission products. It offers gearboxes, belts, chain, lubrication systems, couplings, industrial clutches and brakes. It operates through the Mobile Industries and Process Industries segments. The Mobile Industries segment serves OEM customers that manufacture off-highway equipment for the agricultural, mining and construction markets; on-highway vehicles including passenger cars, light trucks, and medium- and heavy-duty trucks; rail cars and locomotives; outdoor power equipment; and rotorcraft and fixed-wing aircraft. The Process Industries segment handles OEM and end-user customers in industries that place heavy demands on the fixed operating equipment they make or use in heavy and other general industrial sectors. The company was founded by Henry Timken in 1899 and is headquartered in North Canton, OH.