Teekay Corp (NYSE: TK) Seen Running Too Hot, Let’s Look At This More Closely

Currently, there are 91.01M common shares owned by the public and among those 58.18M shares have been available to trade.

The company’s stock has a 5-day price change of -5.35% and 18.12% over the past three months. TK shares are trading 21.26% year to date (YTD), with the 12-month market performance up to 43.78% higher. It has a 12-month low price of $5.70 and touched a high of $9.95 over the same period. TK has an average intraday trading volume of 608.78K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -8.27%, 2.87%, and 15.71% respectively.

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Institutional ownership of Teekay Corp (NYSE: TK) shares accounts for 52.96% of the company’s 91.01M shares outstanding.

It has a market capitalization of $792.26M and a beta (3y monthly) value of 0.56. The stock’s trailing 12-month PE ratio is 5.29, while the earnings-per-share (ttm) stands at $1.64. The company has a PEG of 0.44 and a Quick Ratio of 9.12 with the debt-to-equity ratio at 0.08. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.62% over the week and 2.53% over the month.

Analysts forecast that Teekay Corp (TK) will achieve an EPS of 0 for the current quarter, 0 for the next quarter and 0 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0 while analysts give the company a high EPS estimate of 0.

Looking at the support for the TK, a number of firms have released research notes about the stock. BofA/Merrill stated their Buy rating for the stock in a research note on October 22, 2018, with the firm’s price target at $8. Seaport Global Securities on their part issued Neutral rating on December 17, 2015.

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