Investors Getting Picky When It Comes To Buying Teekay Corp (TK)

Teekay Corp (NYSE:TK) does about 660.32K shares in volume on a normal day but saw 750304 shares change hands in Tuesday’s trading. The company now has a market cap of 801.40M USD. Its current market price is $8.77, marking an increase of 2.21% compared to the previous close of $8.58. The 52 week high reached by this stock is $9.27 whilst the lowest price level in 52 weeks is $5.45.

Teekay Corp (TK) has a 20-day trading average at $7.71 and the current price is -5.44% off the 52-week high compared with 60.92% distance from its 52-week low. The 50-day simple moving average of the closing price is $7.47 and its 200-day simple moving average is $7.18. If we look at the stock’s price movements over the week, volatility stands at 5.05%, which decreases to 2.94% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 73.33 to suggest the stock is overbought.

The consensus objective for the share price is $3.50, suggesting that the stock has a potential downside of -150.57% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on October 22, 2018 when BofA/Merrill initiated the stock to “Buy” and issued a price target of $8.

Teekay Corp (TK) stock is up 14.34% over the week and 20.80% over the past month. Its price is 22.66% year-to-date and 44.96% over the past year.

To reach the target analysts have set, the stock logically needs to shrink -150.57 percent from here.

The company has a return on investment of 18.37% and return on equity of 21.66%. The price to earnings ratio (P/E ratio) amounts to 5.36. The beta has a value of 0.55. Price to book ratio is 1.02 and price to sales ratio is 0.57.