Teekay Receives Average Recommendation of “Buy” from Analysts (NYSE:TK)
Shares of Teekay (NYSE:TK) have been given an average rating of “Buy” by the eight analysts that are covering the stock, Analyst Ratings Network.com reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $61.26.
Teekay (NYSE:TK) opened at 55.66 on Monday. Teekay has a 52 week low of $37.20 and a 52 week high of $62.77. The stock’s 50-day moving average is $59.38 and its 200-day moving average is $56.97. The company’s market cap is $4.007 billion.
Teekay (NYSE:TK) last issued its quarterly earnings data on Thursday, May 15th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.20. The company had revenue of $498.00 million for the quarter, compared to the consensus estimate of $450.20 million. On average, analysts predict that Teekay will post $0.51 earnings per share for the current fiscal year.
TK has been the subject of a number of recent research reports. Analysts at Jefferies Group raised their price target on shares of Teekay from $59.00 to $64.00 in a research note on Monday. They now have a “hold” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Teekay from $56.00 to $61.00 in a research note on Friday, May 16th. Finally, analysts at Barclays reiterated an “overweight” rating on shares of Teekay in a research note on Friday, May 16th. They now have a $65.00 price target on the stock, up previously from $61.00.
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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