Teekay Corp. Sets New 1-Year High at $54.86 (TK)
Shares of Teekay Corp. (NYSE:TK) hit a new 52-week high on Thursday, Stock Ratings Network.com reports. The company traded as high as $54.86 and last traded at $54.36, with a volume of 224,932 shares trading hands. The stock had previously closed at $53.69.
A number of research firms have recently commented on TK. Analysts at Deutsche Bank raised their price target on shares of Teekay Corp. from $43.00 to $49.00 in a research note to investors on Monday. They now have a “hold” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Teekay Corp. from $53.00 to $61.00 in a research note to investors on Tuesday, January 14th. They now have an “outperform” rating on the stock. Finally, 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. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $49.47.
Teekay Corp. has a 1-year low of $32.49 and a 1-year high of $54.84. The stock has a 50-day moving average of $48.52 and a 200-day moving average of $43.30. The company’s market cap is $3.837 billion.
Teekay Corp. (NYSE:TK) last released its earnings data on Thursday, November 7th. The company reported ($0.51) EPS for the quarter, beating the Thomson Reuters 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 previous year, the company posted ($0.29) earnings per share. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, analysts predict that Teekay Corp. will post $-1.17 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, January 31st. Shareholders 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 2.36%. 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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