Short Term Rating on Teekay Corporation (TK)

Teekay Corporation (TK) : 6 analysts are covering Teekay Corporation (TK) and their average rating on the stock is 2.83, which is read as a Hold. Teekay Corporation (TK) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Teekay Corporation (TK) : Average target price received by Teekay Corporation (TK) is $8.67 with an expected standard deviation of $0.58. The most aggressive target on the stock is $9, whereas the most downbeat target is $8. 3 financial analysts are currently covering the stock.

Company shares have received an average consensus rating of Hold for the current week


Teekay Corporation (NYSE:TK): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.46 and $7.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.76. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.58, notching a gain of 6.16% for the day. The total traded volume was 1,496,335 . The stock had closed at $7.14 on the previous day.

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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