TheStreet Raises Teekay to Buy (TK)

By admin | 6 years ago

Teekay (NYSE: TK) was upgraded by TheStreet to a “buy” rating in a research note issued on Tuesday.

A number of other firms have also recently commented on TK. Analysts at Jefferies Group (NYSE: JEF) raised their price target on shares of Teekay from $38.00 to $42.00 in a research note to investors on Wednesday, April 18th. Separately, analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Teekay from $27.00 to $29.00 in a research note to investors on Wednesday, March 7th. They now have an “equal weight” rating on the stock. Finally, analysts at Morgan Stanley (NYSE: MS) raised their price target on shares of Teekay to $32.00 in a research note to investors on Monday, February 27th. They now have an “equal weight” rating on the stock.

Teekay traded down 0.14% on Tuesday, hitting $36.01. Teekay has a 52-week low of $20.67 and a 52-week high of $36.60. The company’s market cap is $2.474 billion.

The company last announced its quarterly results on Thursday, February 23rd. It reported $0.02 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of ($0.27) EPS by $0.29. The company’s quarterly revenue was up 5.1% on a year-over-year basis. Analysts expect that Teekay will post $-0.33 EPS next quarter.

Teekay Corporation (Teekay) is a provider of international crude oil and petroleum product transportation services.

About the author