Teekay Corporation (TK) Receives Analyst Rating

Teekay Corporation (TK) has an average broker rating of 3, which is interpreted as a Hold, as rated by 5 equity analysts. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Teekay Corporation (TK) : 3 investment research analysts covering Teekay Corporation (TK) have an average price target of $8 for the near short term. The highest target price given by the Brokerage Firm to the stock is $9 and the lowest target is $7 for the short term. Analysts expect the variance to be within $1 of the average price.


Also, Jefferies maintains its view on Teekay Corporation (NYSE:TK) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Jefferies lowers the price target from $9 per share to $7 per share on Teekay Corporation. The rating by the firm was issued on July 27, 2016.

Teekay Corporation (NYSE:TK): After opening at $7.08, the stock dipped to an intraday low of $7.01 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $7.21 and the buying power remained strong till the end. The stock closed at $7.03 for the day, a gain of 0.14% for the day session. The total traded volume was 903,742. The stocks close on the previous trading day was $7.02.

Teekay Corporation (Teekay) is a provider of crude oil and gas marine transportation services. The Company also offers offshore oil production, storage and offloading services, primarily under long-term, fixed-rate contracts. The Company is engaged in the liquefied natural gas (LNG) and liquefied petroleum gas (LPG) shipping sectors through its subsidiary Teekay LNG Partners L.P. (Teekay LNG). The Company is engaged in the operations in the offshore production, storage and transportation sector through its subsidiary Teekay Offshore Partners L.P. (Teekay Offshore) and through its interest in Teekay Petrojarl AS. It is also engaged in the conventional tanker business through its subsidiary Teekay Tankers Ltd. (Teekay Tankers). The Company has four primary lines of business, which consist of offshore logistics, offshore production, liquefied gas carriers and conventional tankers.

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