Teekay Corporation Ltd (NYSE:TK) does about 880.28K shares in volume on a normal day but saw 1831103 shares change hands in the recent trading day. The company now has a market cap of 752.05M USD. Its current market price is $9.00, marking an increase of 5.26% compared to the previous close of $8.55. The 52 week high reached by this stock is $8.78 whilst the lowest price level in 52 weeks is $5.65.
The consensus objective for the share price is $3.50, suggesting that the stock has a potential downside of -157.14% 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.
The current price level is 6.44%, 18.64%, and 25.74% away from its SMA20, SMA50, and SMA200 respectively, with the TK price moving below the 50-day SMA on current market day. Teekay Corporation Ltd (TK) stock is up 4.53% over the week and 11.11% over the past month. Its price is 29.87% year-to-date and 13.01% over the past year.
To reach the target analysts have set, the stock logically needs to shrink -157.14 percent from here.
Outstanding shares total 83.56M with insiders holding 38.22% of the shares and institutional holders owning 48.04% of the company’s common stock. The company has a return on investment of 12.74% and return on equity of 18.55%. The price to earnings ratio (P/E ratio) amounts to 6.30. The beta has a value of 0.40. Price to book ratio is 1.07 and price to sales ratio is 0.69.
