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


Teekay Tankers Ltd. (NYSE:TNK) mean price target has been set at $4.300 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 $0.280 in the near-term quarter and $0.820 for the ongoing fiscal. The market cap of Teekay Tankers Ltd. was recorded at $438.42M after the stock closed at $2.660 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 2.750. 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 1.350. 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 $2.844, and stock is trading $-0.039 points away or -1.361% from its 50-day moving average of $2.844. Further it is trading $-0.606 or -17.766% away its 200-day moving average of $3.411. Teekay Tankers Ltd. (NYSE:TNK) 52-week high is $8.530 and the 52-week low is $2.510. This represents that if the stock moves $-5.725 points up on the chart to it will make a 52-week high. But, if it declines +11.753%, then the shares price can hit a new 52-week low.

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