The leading market experts have placed a mean price target of $4.3000 on Teekay Tankers Ltd. (NYSE:TNK) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.2800 a share for the upcoming quarter and $0.8200 for the current fiscal.
The technical analysis of Teekay Tankers Ltd. plainly substantiates that the 50-day moving average of Teekay Tankers Ltd. is $2.8437, and stock is trading $-0.0438 points away or -1.5406% from its 50-day moving average of $2.8437. Further it is trading $-0.6111 or -17.9158% away its 200-day moving average of $3.4110. Teekay Tankers Ltd. (NYSE:TNK) 52-week high is $8.5300 and the 52-week low is $2.5100.
This explains if the stock moves $-5.7301, it will post a 52-week high. In event of +11.5498% decline, a 52-week low will be hit.
Taking the valuation aspect to emphasize the valuation of Teekay Tankers Ltd., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Teekay Tankers Ltd. (NYSE:TNK) ratio came in at 2.7450.
The stock last ended the trading session at $2.7999 and registered a market cap of $437.62M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Teekay Tankers Ltd. (NYSE:TNK) PEG ratio is at 1.3500.
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