Teekay Corporation Ltd [TK] stock is trading at $7.19, up 2.28%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TK shares have gain 3.16% over the last week, with a monthly amount glided 7.15%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Teekay Corporation Ltd [NYSE: TK] stock has seen the most recent analyst activity on October 22, 2018, when BofA/Merrill initiated its Buy rating and assigned the stock a price target of $8. Previously, Morgan Stanley downgraded its rating to Underweight on June 09, 2017. On December 21, 2015, downgrade downgraded it’s rating to Mkt Perform. Wells Fargo downgraded its rating to a Market Perform. Seaport Global Securities downgraded its rating to a Neutral. RBC Capital Mkts downgraded its rating to Sector Perform for this stock on December 17, 2015, and downed its price target to $16. In a note dated December 17, 2015, Credit Suisse downgraded an Neutral rating on this stock.
Teekay Corporation Ltd [TK] stock has fluctuated between $5.98 and $8.65 over the past year. Teekay Corporation Ltd [NYSE: TK] shares were valued at $7.19 at the most recent close of the market.
Analyzing the TK fundamentals
Teekay Corporation Ltd [NYSE:TK] reported sales of 1.30B for the trailing twelve months, which represents a drop of -12.53%. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at 0.3%, Pretax Profit Margin comes in at 0.34%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.18 and Total Capital is 0.19. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.08.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 7.12 points at the first support level, and at 7.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.26, and for the 2nd resistance point, it is at 7.33.
Ratios To Look Out For
For context, Teekay Corporation Ltd’s Current Ratio is 6.84. Also, the Quick Ratio is 6.52, while the Cash Ratio stands at 4.79. Considering the valuation of this stock, the price to sales ratio is 0.51, the price to book ratio is 0.78 and price to earnings (TTM) ratio is 4.75.
Transactions by insiders
Recent insider trading involved DAVID ALFRED SCHELLENBERG, Director, that happened on Dec 23 ’24 when 27244.0 shares were purchased. Director, DAVID ALFRED SCHELLENBERG completed a deal on Dec 20 ’24 to buy 0.2 million shares. Meanwhile, Officer Speers Brody bought 8679.0 shares on Sep 24 ’24.
