Teekay Corp (NYSE: TK) has reported E.P.S. of $0.28 for its third fiscal quarter (ending September 30) versus $0.32 for the same period a year ago — a decline of -12%. For the latest four quarters through September 30, E.P.S. were $1.60 compared to $-0.34 a year ago.
Recent Price Action
Teekay Corp (NYSE: TK) stock declined by -1.4% on 11/2/23. The shares closed at $7.28. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 5.5% during the last week.
Current PriceTarget Research Rating
TK is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Teekay has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Teekay has a slightly negative Appreciation Score of 34 but a very high Power Rating of 86, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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