The stock of Teekay Corporation (NYSE:TK) decreased by -$0.08 on Friday to finish at $6.59, down -1.20 percent. The last five days have seen an average of 551,520 shares of common stock traded. 21 times new highs were reached in the current year, with a gain of $2.05. The average number of shares traded over the last 20 days was 542,105, while the average volume over the last 50 days totaled 603,546.
TK stock dropped -2.95% since last month. On 07/21/23, the company’s shares reached a one-month low of $6.10. The stock touched a high of $6.92 on 08/09/23, after rallying from a low of $3.21 in 52 weeks. The price of TK stock has risen by 45.15% or $2.05 this year, reaching a new high 21 times. Still, the stock price is down -4.77% from the 52-week high.
Valuation Metrics
Teekay Corporation (TK) has a trailing price-to-earnings (P/E) ratio of 4.19. Beta for the stock is 0.83. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.40, the price-to-book (PB) ratio of 0.92, and the price-to-cash flow ratio of 1.09.
Company paid $0.0550 per share in dividends, remained unchanged from $0.0550 last year.
Financial Health
For the recent quarter, Teekay Corporation’s quick ratio was 4.80, while its current ratio was 5.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 0.27, and the total debt to equity ratio is 0.31. As far as profitability goes, gross margin for the trailing twelve months is 47.00% percent. Teekay Corporation’s EBITDA margin for the recent year was 28.11%, whereas its operating margin stood at 37.70% for the same period. Based on annual data, it had gross profit of $392.07 million and revenue of $1.19 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TK’s return on assets (ROA) during the last 12 months has been 7.60%. There was a 20.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 25.30%.
Earnings Surprise
A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.19 billion, while revenues rose by 42.65% to $0.0. EBITDA was $182.05 million for the quarter. At the end of Teekay Corporation’s most recent quarter, its liabilities totaled 482.05 million, while its total debt was $310.84 million.
Technical Picture
Here’s a quick look at Teekay Corporation’s (TK) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 54.03%, suggesting the stock is Neutral, with a 19.49% historical volatility rate.
The stochastic %K and %D were 70.28% and 78.42% respectively, while the average true range (ATR) was 0.21. Based on the 14-day stochastic reading of 59.00%, the RSI (14) reading is 55.38%. On the 9-day MACD Oscillator, the stock is at 0.05, and the 14-day reading is at 0.16.
Analyst Ratings
In its analyst report released on October 22, 2018, BofA/Merrill began covering Teekay Corporation (NYSE: TK). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Teekay Corporation (TK) an Hold rating. TK is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is TK’s price target for the next 12 months?
The current consensus forecast for the stock is between $3.50 and $3.50, with a median target price of $3.50. In analyzing these forecasts, the average price target given by analysts for Teekay Corporation (TK) is $3.50.
