Were Analysts Bullish Teekay Corporation (NYSE:TK) This Week?

April 16, 2018 - By Winifred Garcia

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Teekay Corporation (NYSE:TK) Ratings Coverage

Among 2 analysts covering Teekay Corp (NYSE:TK), 0 have Buy rating, 1 Sell and 1 Hold. Therefore 0 are positive. Teekay Corp had 2 analyst reports since December 18, 2017 according to SRatingsIntel. As per Monday, December 18, the company rating was initiated by Jefferies. Morgan Stanley maintained Teekay Corporation (NYSE:TK) on Monday, February 12 with “Underweight” rating. Below is a list of Teekay Corporation (NYSE:TK) latest ratings and price target changes.

12/02/2018 Broker: Morgan Stanley Old Rating: Underweight New Rating: Underweight Old Target: $3 New Target: $6 Maintain
18/12/2017 Broker: Jefferies Rating: Hold New Target: $8.0 Initiate

The stock increased 0.57% or $0.05 during the last trading session, reaching $8.82. About 431,989 shares traded. Teekay Corporation (NYSE:TK) has declined 8.28% since April 16, 2017 and is downtrending. It has underperformed by 19.83% the S&P500.

Teekay Corporation provides crude oil and gas marine transportation; offshore oil production; and storage and offloading services in Bermuda and internationally. The company has market cap of $884.27 million. It operates shuttle tankers, floating storage and offloading units, HiLoad dynamic positioning units, and long-distance towing and offshore installation vessels, as well as offers offshore accommodation, storage, and support for maintenance and modification projects. It currently has negative earnings. The firm also operates floating production, storage, and offloading (FPSO) units, as well as other vessels used to service its FPSO contracts; liquefied natural gas (LNG) and liquefied petroleum gas carriers; and conventional crude oil and product tankers.

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