Teekay Corp. Given New $61.00 Price Target at RBC Capital (TK)
Stock analysts at RBC Capital lifted their price target on shares of Teekay Corp. (NYSE:TK) from $53.00 to $61.00 in a report issued on Tuesday, StockRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price would indicate a potential upside of 23.83% from the company’s current price.
A number of other analysts have also recently weighed in on TK. Analysts at Zacks upgraded shares of Teekay Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, November 12th. They now have a $44.80 price target on the stock. Analysts at Jefferies Group downgraded shares of Teekay Corp. from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $48.30.
Shares of Teekay Corp. (NYSE:TK) opened at 49.26 on Tuesday. Teekay Corp. has a 52 week low of $32.49 and a 52 week high of $49.65. The stock’s 50-day moving average is $45.47 and its 200-day moving average is $42.35. The company’s market cap is $3.488 billion.
Teekay Corp. (NYSE:TK) last released its earnings data on Thursday, November 7th. The company reported ($0.51) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.65) by $0.14. The company had revenue of $454.80 million for the quarter, compared to the consensus estimate of $410.14 million. During the same quarter in the prior year, the company posted ($0.29) earnings per share. The company’s quarterly revenue was down 3.2% on a year-over-year basis. Analysts expect that Teekay Corp. will post $-1.19 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of 0.3163 per share. This represents a $1.27 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Wednesday, January 15th.
Teekay Corporation (NYSE:TK) is a provider of international crude oil and gas marine transportation services and it also offer offshore oil production, storage and offloading services, under long-term, fixed-rate contracts.
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