Teekay Corporation (NYSE:TK) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.83 by 6 Brokerage Firm. 1 stock experts have also suggested a buy rating. 5 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm Morgan Stanley maintains its rating on Teekay Corporation (NYSE:TK). The rating major has initiated the coverage with equal-weight rating on the shares. The Analysts at Morgan Stanley raises the price target from $7 per share to $8 per share. The rating by the firm was issued on May 31, 2016.
Teekay Corporation (NYSE:TK) should head towards $8.67 per share according to 3 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $8 per share. The higher price estimate target is at $9 according to the Analysts.
Teekay Corporation (NYSE:TK) rose 0.8% or 0.06 points on Tuesday and made its way into the gainers of the day. After trading began at $7.42 the stock was seen hitting $7.73 as a peak level and $7.13 as the lowest level. The stock ended up at $7.57. The daily volume was measured at 1,790,560 shares. The 52-week high of the share price is $46.04 and the 52-week low is $4.37. The company has a market cap of $643 million.
Teekay Corporation has lost 0.13% in the last five trading days and dropped 21.31% in the last 4 weeks. Teekay Corporation has dropped 18.64% during the last 3-month period . Year-to-Date the stock performance stands at -22.25%.
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.