Tidewater PT Raised to $64.00 (TDW)
Credit Suisse lifted their price objective on shares of Tidewater (NYSE:TDW) to $64.00 in a research note issued on Tuesday, Analyst RN reports. The firm currently has a “neutral” rating on the stock. Credit Suisse’s target price would suggest a potential upside of 9.55% from the company’s current price.
Tidewater (NYSE:TDW) traded up 0.38% on Tuesday, hitting $58.64. 109,674 shares of the company’s stock traded hands. Tidewater has a 1-year low of $42.33 and a 1-year high of $62.38. The stock has a 50-day moving average of $57.07 and a 200-day moving average of $55.76. The company has a market cap of $2.887 billion and a price-to-earnings ratio of 19.53.
Tidewater (NYSE:TDW) last released its earnings data on Tuesday, August 6th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by $0.08. The company had revenue of $334.10 million for the quarter, compared to the consensus estimate of $333.33 million. During the same quarter last year, the company posted $0.65 earnings per share. Tidewater’s revenue was up 13.5% compared to the same quarter last year.
TDW has been the subject of a number of other recent research reports. Analysts at Wunderlich initiated coverage on shares of Tidewater in a research note to investors on Thursday, September 26th. They set a “buy” rating and a $76.00 price target on the stock. Separately, analysts at Barclays Capital raised their price target on shares of Tidewater from $62.00 to $71.00 in a research note to investors on Tuesday, September 3rd. They now have an “overweight” rating on the stock. Finally, analysts at Barclays Capital cut their price target on shares of Tidewater from $65.00 to $62.00 in a research note to investors on Thursday, August 8th. They now have an “overweight” rating on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. Tidewater presently has an average rating of “Buy” and an average price target of $62.10.
Tidewater Inc, provides offshore supply vessels and marine support services to the offshore energy industry through the operation of marine service vessels.
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