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Teekay Tankers Ltd has a consensus price target of $63.67 based on the ratings of 3 analysts. The high is $85 issued by Evercore ISI Group on July 23, 2024. The low is $46 issued by B of A Securities on November 13, 2024. The 3 most-recent analyst ratings were released by Jefferies, B of A Securities, and B of A Securities on November 14, 2024, November 13, 2024, and November 1, 2024, respectively. With an average price target of $52.33 between Jefferies, B of A Securities, and B of A Securities, there's an implied 22.53% upside for Teekay Tankers Ltd from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Teekay Tankers (NYSE:TNK) was reported by Jefferies on November 14, 2024. The analyst firm set a price target for $60.00 expecting TNK to rise to within 12 months (a possible 40.48% upside). 12 analyst firms have reported ratings in the last year.
The latest analyst rating for Teekay Tankers (NYSE:TNK) was provided by Jefferies, and Teekay Tankers maintained their buy rating.
The last upgrade for Teekay Tankers Ltd happened on January 19, 2024 when B of A Securities raised their price target to $72. B of A Securities previously had a neutral for Teekay Tankers Ltd.
The last downgrade for Teekay Tankers Ltd happened on November 13, 2024 when B of A Securities changed their price target from $51 to $46 for Teekay Tankers Ltd.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Teekay Tankers, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Teekay Tankers was filed on November 14, 2024 so you should expect the next rating to be made available sometime around November 14, 2025.
While ratings are subjective and will change, the latest Teekay Tankers (TNK) rating was a maintained with a price target of $72.00 to $60.00. The current price Teekay Tankers (TNK) is trading at is $42.71, which is out of the analyst’s predicted range.
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