Published on 24 Dec 2023 on Simply Wall St. via Yahoo Finance
Teekay Corporation's (NYSE:TK) Stock Is Going Strong: Is the Market Following Fundamentals?
Teekay's (NYSE:TK) stock is up by a considerable 29% over the past three months. Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. Particularly, we will be paying attention to Teekay's ROE today.
Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
View our latest analysis for Teekay