Teekay Corporation (NYSE: TK) is 59.53% higher on its value in year-to-date trading and has touched a low of $1.70 and a high of $4.11 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TK stock was last observed hovering at around $3.41 in the last trading session, with the day’s gains setting it 0.02% off its average median price target of $3.50 for the next 12 months. It is also 2.0% off the consensus price target high of $3.50 offered by 1 analysts, but current levels are 2.0% higher than the price target low of $3.50 for the same period.
Currently trading at $3.43, the stock is 7.44% and 3.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.59 million and changing 0.59% at the moment leaves the stock 29.08% off its SMA200. TK registered -11.60% loss for a year compared to 6-month gain of 79.58%. The firm has a 50-day simple moving average (SMA 50) of $3.4155 and a 200-day simple moving average (SMA200) of $2.6321.
The stock witnessed a 4.57% loss in the last 1 month and extending the period to 3 months gives it a 41.15%, and is 9.94% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.41% over the week and 4.66% over the month.
Teekay Corporation (TK) has around 4710 employees, a market worth around $343.55M and $1.82B in sales. Profit margin for the company is -4.60%. Distance from 52-week low is 101.76% and -16.55% from its 52-week high. The company has generated returns on investments over the last 12 months (7.10%).
Teekay Corporation (TK) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Teekay Corporation (TK) is a “Hold”. 1 analysts offering their recommendations for the stock have an average rating of 3.00, where 1 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Teekay Corporation is expected to release its quarterly report on 08/05/2021 and quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $545.38M over the same period.The EPS is expected to grow by 73.40% this year, but quarterly earnings will post -9.70% year-over-year. Quarterly sales are estimated to shrink -22.10% in year-over-year returns.
Teekay Corporation (TK) Top Institutional Holders
83 institutions hold shares in Teekay Corporation (TK), with 31.94M shares held by insiders accounting for 31.59% while institutional investors hold 39.86% of the company’s shares. The shares outstanding are 101.11M, and float is at 69.17M with Short Float at 3.19%. Institutions hold 27.27% of the Float.
The top institutional shareholder in the company is Renaissance Technologies, LLC with over 2.38 million shares valued at $5.12 million. The investor’s holdings represent 2.36% of the TK Shares outstanding. As of Dec 30, 2020, the second largest holder is Arrowstreet Capital, Limited Partnership with 0.76 million shares valued at $1.64 million to account for 0.75% of the shares outstanding. The other top investors are Morgan Stanley which holds 0.69 million shares representing 0.68% and valued at over $1.49 million, while Millennium Management LLC holds 0.61% of the shares totaling 0.61 million with a market value of $1.32 million.
Teekay Corporation (TK): Who are the competitors?
The company’s main competitors (and peers) include Teekay LNG Partners L.P. (TGP) that is trading 28.17% up over the past 12 months. Teekay Tankers Ltd. (TNK) is -30.19% down on the 1-year trading charts. Short interest in the company’s stock has risen 22.46% from the last report on Apr 14, 2021 to stand at a total of 2.21 million short shares sold with a short interest ratio of 2.82.