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Teekay Tankers Ltd (Symbol: TNK) shares recently surpassed the average analyst 12-month target price of $50.25, trading at $50.68 per share. This significant movement prompts analysts to either downgrade their valuations or revise their target prices higher, with potential implications stemming from the company’s underlying fundamentals.
Within the Zacks coverage universe, there are four different analyst targets for Teekay Tankers, ranging from a low of $41.00 to a high of $55.00, with a standard deviation of $6.396. Currently, the analyst ratings include three “Strong Buy” ratings, one “Sell,” and one “Strong Sell,” resulting in an average rating of 2.4, where 1 is Strong Buy and 5 is Strong Sell.
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