Teekay Corporation (NYSE:TK) stock has received a short term price target of $ 18.5 from 4 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $20.36. The higher estimate of target price is $49 , while the lower price target estimate is $7

Research firm Zacks has rated Teekay Corporation (NYSE:TK) and has ranked it at 4, indicating that for the short term the shares are a sell. 7 Wall Street analysts have given the company an average rating of 2.86. The shares have received a hold rating based on the suggestion from 6 analysts in latest recommendations. The company had a buy rating from 1 analysts.

Several analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Deutsche Bank maintains its outlook on Teekay Corporation (NYSE:TK). The current rating of the shares is Hold, according to the research report released by the firm. The brokerage firm lowers the price target from $10 per share to $9 per share. The rating by the firm was issued on February 22, 2016.

Teekay Corporation (NYSE:TK) rose 2.82% or 0.23 points on Thursday and made its way into the gainers of the day. After trading began at $8.1 the stock was seen hitting $8.5978 as a peak level and $8.1 as the lowest level. The stock ended up at $8.38. The daily volume was measured at 2,064,468 shares. The 52-week high of the share price is $51.3897 and the 52-week low is $4.37. The company has a market cap of $609 million. Shares of Teekay Corporation rose by 15.27% in the last five trading days and 35.05% for the last 4 weeks. Teekay Corporation has dropped 69.74% during the last 3-month period . Year-to-Date the stock performance stands at -14.34%.

Teekay Corporation (Teekay) is a provider of crude oil and gas marine transportation services. The Company also offers offshore oil production, storage and offloading services, primarily under long-term, fixed-rate contracts. The Company is engaged in the liquefied natural gas (LNG) and liquefied petroleum gas (LPG) shipping sectors through its subsidiary Teekay LNG Partners L.P. (Teekay LNG). The Company is engaged in the operations in the offshore production, storage and transportation sector through its subsidiary Teekay Offshore Partners L.P. (Teekay Offshore) and through its interest in Teekay Petrojarl AS. It is also engaged in the conventional tanker business through its subsidiary Teekay Tankers Ltd. (Teekay Tankers). The Company has four primary lines of business, which consist of offshore logistics, offshore production, liquefied gas carriers and conventional tankers.