Teekay Tankers Stock Target Price and Analyst Consensus
| TNK Stock | USD 39.82 0.28 0.70% |
The current analyst and expert consensus on Teekay Tankers is Strong Buy, with 5 strong buy opinions. The current projected Teekay Tankers target price consensus is 63.86 with 7 analyst opinions. Check out Macroaxis Advice on Teekay Tankers to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. For more information on how to buy Teekay Stock please use our How to buy in Teekay Stock guide.The most common way Teekay Tankers analysts use to provide recommendation to the public is financial statements analysis. Many experts also interview Teekay Tankers executives and customers to further validate their buy or sell advice. Note, the total number of analysts currently providing their opinion is not significant to determine adequate consensus on Teekay Tankers. We strongly encourage you to use your own analysis of Teekay Tankers to validate this buy or sell advice. Teekay Tankers buy-or-sell recommendation module provides average expert sentiment on the projected Teekay Tankers target price to derive its highest and lowest estimates based on projected price volatility of 2.6449.
Lowest Forecast 58.11 | Highest Forecast 70.88 | Target Price 63.86 |
Teekay |
It's important to approach Teekay Tankers' target price projections with caution. While they can be useful as part of a broader investment strategy, they are inherently speculative and subject to various kinds of risk, including market volatility and unforeseen external factors. Always consider multiple aspects and do your own research when making investment decisions.
Teekay Tankers Target Price Consensus
Teekay target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Teekay Tankers' target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 7 | Strong Buy |
Most Teekay analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Teekay stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Teekay Tankers, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationTeekay Tankers Target Price Projection
Teekay Tankers' current and average target prices are 39.82 and 63.86, respectively. The current price of Teekay Tankers is the price at which Teekay Tankers is currently trading. On the other hand, Teekay Tankers' target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Teekay Tankers Market Quote on 26th of February 2025
Target Price
Analyst Consensus On Teekay Tankers Target Price
Teekay Tankers Analyst Ratings
Teekay Tankers' analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Teekay Tankers stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Teekay Tankers' financials, market performance, and future outlook by experienced professionals. Teekay Tankers' historical ratings below, therefore, can serve as a valuable tool for investors.Analyst Consensus Breakdown
Average Consensus Estimates
Analysts determine stock price targets through various methods, including financial modeling, peer comparison, and company analysis. The stock price target is the analyst's best estimate of the future price of a stock and is used by investors to make investment decisions. However, it is important to note that stock price targets are not guaranteed, and the actual price of a stock can differ significantly from the target due to various factors such as market conditions, economic events, and company developments.
Steps to utilize Teekay Tankers price targets
Teekay Tankers' stock target price is an estimate of its future price, usually made by analysts. Using Teekay Tankers' target price to determine if it is a suitable investment can be done through the following steps:- Look at Teekay Tankers' target prices provided by various analysts and compare them. This can help you gain a more balanced view of the Stock's potential.
- Look at the analyst's track record to determine if they have a history of accurately predicting stock prices.
- Look at the Company's financials, including revenue, earnings, and debt, to determine if it is in good financial health.
- Consider market conditions. For example, take into account the state of the economy, competition, and regulatory environment, to determine if Teekay Tankers' stock is likely to perform well.
- Diversify your portfolio and do not rely solely on stock target prices to make investment decisions. Invest in a mix of stocks, bonds, and other assets to manage risk.
Additional Teekay Tankers Value Projection Modules
Most investment researchers agree that the mispricing and readjustment of any Stock value happens often and is sometimes even predictable, but there is no strong theory explaining why it happens. The current price of Teekay Tankers is a key component of Teekay Tankers valuation and have some predictive power on the future returns of a Teekay Tankers.Trending Themes
If you are a self-driven investor, you will appreciate our idea-generating investing themes. Our themes help you align your investments inspirations with your core values and are essential building blocks of your portfolios. A typical investing theme is an unweighted collection of up to 20 funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of equities with common characteristics such as industry and growth potential, volatility, or market segment. | Hedge Favorites Invested few shares | |
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Check out Macroaxis Advice on Teekay Tankers to cross-verify analyst projections. Unlike analyst recommendations, Macroaxis provides advice only from the perspective of investor risk tolerance and investment horizon. For more information on how to buy Teekay Stock please use our How to buy in Teekay Stock guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.