Teekay Shipping Corp (NYSE:TK) shares traded 4.08% up during most recent session to reach at the closing price of $7.91. The stock exchanged hands 2.11 Million shares versus average trading capacity of 1.38 Million shares, yielding a market cap of $696.71 Million. Wall Street analysts covering the stock are projecting that the stock will reach $6.17 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 $8 and with a conservative view have low price target of $3.
Morgan Stanley “Maintained” Teekay Shipping Corp (NYSE:TK) in a research note issued to investors on 2/12/18 to Underweight with price target of $6.
Additionally on 12/18/17 Jefferies “Assumes” Teekay Shipping Corp (NYSE:TK) to Hold setting price target at $8 and on 6/09/17 Morgan Stanley “Downgrades” the stock to Underweight at $0. Furthermore on 7/27/16 Jefferies “Maintained” the stock to Hold at $7.
On the other hand the company has Relative Strength Index (RSI 14) of 34.59 along with Average True Range (ATR 14) of 0.41, Consequently Teekay Shipping Corp (NYSE:TK)’s weekly and monthly volatility is 5.29%, 4.35% respectively. The company’s beta value is at 1.26.
In terms of Buy, Sell or Hold recommendations, Teekay Shipping Corp (NYSE:TK) has analysts’ mean recommendation of 3.3. 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 $-0.24 and can go high up to $0.15. The consensus mean EPS for the current quarter is at $-0.05 derived from a total of 2 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.22 earnings per share for the same quarter during last year.
Previously Teekay Shipping Corp (NYSE:TK) reported $-0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.44 by $0.03. The company posted an earnings surprise of 6.8%.
While considering growth estimates of the company, it has next quarter growth estimates of 29.3% whereas during current quarter it has 77.3% estimations over growth, comparing to the estimations of -132.7% during current year and 104.7% 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 12% over growth.
Teekay Shipping Corp (NYSE:TK)’s revenue estimates for the current quarter are $530.62 Million according to 2 number of analysts, for the current quarter the company has high revenue estimates of $552.9 Million in contradiction of low revenue estimates of $508.35 Million. For the current year the company’s revenue estimates are $1.98 Billion compared to low analyst estimates of $1.93 Billion and high estimates of $2.02 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 33.9%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -0.59%.
Teekay Shipping Corp (NYSE:TK) 52-week high price stands at $11.15 and low price stands at $5.14, its price distance from 52-week high is -29.06% while its distance from 52-week low price is 53.89%. The stock hit its 52-week high on 02/22/17, and 52-week low on 06/21/17.
Teekay Shipping Corp (NYSE:TK)’s trailing twelve month revenues are $2.11 Billion, whereas its price to sales ratio for the same period is 0.33. Its book value per share for the most recent quarter is $9.15 while its price to book ratio for the same period is 0.86, as for as the company’s cash per share for the most recent quarter is $5.15, however its price to cash per share ratio for the same period is 1.54. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.