(January 16, 2011)

Longbow Research research analysts increased their price target for shares of Timken (NYSE: TKR) from $55.00 to $60.00 in a research note issued to investors on Thursday. They currently have a “buy” rating on the company.

Timken (NYSE: TKR)’s stock opened at 50.34 on Friday. Timken has a 52 week range of $22.03 to $52.00. The stock’s 50-day moving average is $48.05 and its 200-day moving average is $39.16. Analysts predict on average that Timken will post $0.76 earnings per share next quarter. The company has a market cap of $4.888 billion and a P/E (price-to-earnings ratio) of 30.18.

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