Analysts predict that Timken's share price is expected to rise to $60

Longbow Research research analyst mentioned in an investor report last Thursday (January 13) that the stock price of Timken (NYSE: TKR) is expected to exceed US$55 and increase to US$60.

The Timken stock opened on Friday at $50.34. In 52 weeks, the stock price has been floating between 22.03 and 52 US dollars. The 50-day moving average of the company reached 48.05 US dollars, and the 200-day moving average reached 39.16 US dollars. Analysts expect that Timken’s stock will earn $0.76 per share in the next quarter. The company's stock market value is $4.888 billion, and the price-earnings ratio is 30.18.