Analyst Revises Teekay Tankers Ltd. (NYSE:TNK) Stock Target


Teekay Tankers Ltd. (NYSE:TNK) mean price target has been set at $5.170 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.160 in the near-term quarter and $1.020 for the ongoing fiscal. The market cap of Teekay Tankers Ltd. was recorded at $457.82M after the stock closed at $2.931 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Teekay Tankers Ltd. (NYSE:TNK) has a P/E ratio of 2.343. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Teekay Tankers Ltd. (NYSE:TNK) PEG ratio sits at 1.280. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of Teekay Tankers Ltd. visibly illustrates that the 50-day MA of Teekay Tankers Ltd. is $3.187, and stock is trading -0.256 or -8.037% distant from $3.187. The 200-day MA is $3.768, and this price is $-0.837 or -22.206% off from current level. Teekay Tankers Ltd. (NYSE:TNK) 52-week high is $8.530 and the 52-week low is $2.780. This represents that if the stock moves $-5.599 points up on the chart to make a 52-week high. But, if it declines $+5.432%, then the shares price can hit a new 52-week low.

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