Teekay Tankers (NYSE:TNK) had its target price reduced by investment analysts at Morgan Stanley from $2.00 to $1.30 in a note issued to investors on Monday. The firm presently has an “equal weight” rating on the shipping company’s stock. Morgan Stanley’s price target points to a potential upside of 14.04% from the stock’s current price.
A number of other equities analysts have also weighed in on TNK. Seaport Global Securities set a $3.00 target price on shares of Teekay Tankers and gave the stock a “buy” rating in a research report on Thursday, January 4th. Bank of America cut their target price on shares of Teekay Tankers from $1.60 to $1.30 and set an “underperform” rating for the company in a research report on Friday, November 10th. Zacks Investment Research upgraded shares of Teekay Tankers from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Finally, ValuEngine lowered shares of Teekay Tankers from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $1.82.
Teekay Tankers (NYSE:TNK) opened at $1.14 on Monday. The firm has a market cap of $311.11, a PE ratio of -4.07 and a beta of 2.18. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.73. Teekay Tankers has a 1 year low of $1.10 and a 1 year high of $2.70.
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Teekay Tankers Company Profile
Teekay Tankers Ltd. is an international provider of marine transportation to the oil industries. The Company’s business is to own crude oil and product tankers. The Company has two segments: conventional tanker and ship-to-ship transfer. Its conventional tanker segment consists of the operation of all of its tankers, including those employed on full service lightering contracts.
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