Teekay Shipping Corp (NYSE:TK) shares traded -11.16% down during most recent session to reach at the closing price of $6.45. The stock exchanged hands 4.99 Million shares versus average trading capacity of 1.33 Million shares, yielding a market cap of $556.37 Million. Wall Street analysts covering the stock are projecting that the stock will reach $9.17 within the next 52-weeks. The mean target projections are based on 3 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Teekay Shipping Corp (NYSE:TK) high price target of $11 and with a conservative view have low price target of $8.
Jefferies “Maintained” Teekay Shipping Corp (NYSE:TK) in a research note issued to investors on 7/27/16 to Hold with price target of $7.
Additionally on 5/31/16 Morgan Stanley “Maintained” Teekay Shipping Corp (NYSE:TK) to Equal-Weight setting price target at $8 and on 2/22/16 Deutsche Bank “Maintained” the stock to Hold at $9. Furthermore on 1/19/16 Jefferies “Maintained” the stock to Hold at $9.
On the other hand the company has Relative Strength Index (RSI 14) of 20.45 along with Average True Range (ATR 14) of 0.36, Consequently Teekay Shipping Corp (NYSE:TK)’s weekly and monthly volatility is 5.68%, 4.19% respectively. The company’s beta value is at 1.63.
In terms of Buy, Sell or Hold recommendations, Teekay Shipping Corp (NYSE:TK) has analysts’ mean recommendation of 3. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Teekay Shipping Corp (NYSE:TK)’s minimum EPS for the current quarter is at $-0.19 and can go high up to $-0.14. The consensus mean EPS for the current quarter is at $-0.17 derived from a total of 2 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.08 earnings per share for the same quarter during last year.
Previously Teekay Shipping Corp (NYSE:TK) reported $-0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $-0.1 by $-0.12. The company posted an earnings surprise of -120%.
While considering growth estimates of the company, it has next quarter growth estimates of -3100% whereas during current quarter it has -112.5% estimations over growth, comparing to the estimations of -9.1% during current year and 208.3% for next year. Past 5 years growth of Teekay Shipping Corp (NYSE:TK) observed at 352.77%, looking forward for the next 5 years it has a strong prediction of -26.28% over growth.
Teekay Shipping Corp (NYSE:TK)’s revenue estimates for the current quarter are $497.83 Million according to 1 number of analysts, for the current quarter the company has high revenue estimates of $497.83 Million in contradiction of low revenue estimates of $497.83 Million. For the current year the company’s revenue estimates are $2.21 Billion compared to low analyst estimates of $2.17 Billion and high estimates of $2.28 Billion according to 3 number of analysts.
Currently Teekay Shipping Corp (NYSE:TK)’s shares owned by insiders are 41.7%, whereas shares owned by institutional owners are 48.9%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -4.59%.
Teekay Shipping Corp (NYSE:TK) 52-week high price stands at $11.69 and low price stands at $5.35, its price distance from 52-week high is -44.82% while its distance from 52-week low price is 20.67%. The stock hit its 52-week high on 01/26/17, and 52-week low on 08/03/16.
Teekay Shipping Corp (NYSE:TK)’s trailing twelve month revenues are $2.33 Billion, whereas its price to sales ratio for the same period is 0.24. Its book value per share for the most recent quarter is $10.44 while its price to book ratio for the same period is 0.62, as for as the company’s cash per share for the most recent quarter is $6.53, however its price to cash per share ratio for the same period is 0.99. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.