Share on StockTwits

Equities research analysts at RBC Capital increased their target price on shares of Teekay (NYSE:TK) from $72.00 to $80.00 in a research note issued to investors on Wednesday. The firm currently has an “outperform” rating on the stock. RBC Capital’s price target indicates a potential upside of 45.80% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “overweight” rating on shares of Teekay in a research note on Tuesday. They now have a $70.00 price target on the stock, up previously from $65.00. Separately, analysts at Jefferies Group raised their price target on shares of Teekay from $59.00 to $64.00 in a research note on Monday, July 28th. They now have a “hold” rating on the stock. Finally, 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. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Teekay presently has a consensus rating of “Buy” and a consensus price target of $63.11.

Shares of Teekay (NYSE:TK) traded up 0.81% on Wednesday, hitting $54.87. 439,946 shares of the company’s stock traded hands. Teekay has a 1-year low of $37.20 and a 1-year high of $62.77. The stock’s 50-day moving average is $58.9 and its 200-day moving average is $57.07. The company’s market cap is $3.950 billion.

Teekay (NYSE:TK) last posted its quarterly earnings results on Thursday, May 15th. The company reported $0.05 earnings per share for the quarter, beating the analysts’ 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. Analysts expect that Teekay will post $0.50 EPS for the current fiscal year.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.