Teekay Given Average Recommendation of “Buy” by Analysts (NYSE:TK)
Shares of Teekay (NYSE:TK) have been given a consensus recommendation of “Buy” by the ten analysts that are currently covering the stock, Analyst Ratings Network reports. Four investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $55.98.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Teekay in a research note on Wednesday. They now have a $56.00 price target on the stock, up previously from $49.00. Separately, analysts at Credit Suisse initiated coverage on shares of Teekay in a research note on Tuesday, April 8th. They set an “outperform” rating and a $61.00 price target on the stock. Finally, analysts at Raymond James initiated coverage on shares of Teekay in a research note on Monday, April 7th. They set an “outperform” rating and a $61.00 price target on the stock.
Teekay (NYSE:TK) opened at 56.98 on Friday. Teekay has a 52 week low of $34.36 and a 52 week high of $60.42. The stock’s 50-day moving average is $56.30 and its 200-day moving average is $50.03. The company’s market cap is $4.033 billion.
Teekay (NYSE:TK) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.13. The company had revenue of $493.55 million for the quarter, compared to the consensus estimate of $455.98 million. On average, analysts predict that Teekay will post $-0.02 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, April 30th. Investors of record on Thursday, April 17th will be paid a dividend of $0.3163 per share. This represents a $1.27 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Tuesday, April 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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