Tidewater Receives “Buy” Rating from Barclays Capital (TDW)
Tidewater (NYSE:TDW)‘s stock had its “buy” rating restated by stock analysts at Barclays Capital in a report issued on Tuesday, StockRatingsNetwork reports. They currently have a $71.00 target price on the stock. Barclays Capital’s price target would suggest a potential upside of 21.53% from the company’s current price.
Shares of Tidewater (NYSE:TDW) traded up 0.34% during mid-day trading on Tuesday, hitting $58.62. 163,568 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’s 50-day moving average is $57.07 and its 200-day moving average is $55.76. The company has a market cap of $2.886 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 for the quarter, missing the analysts’ 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 Credit Suisse raised their price target on shares of Tidewater to $64.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Separately, 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. Finally, analysts at Global Hunter Securities raised their price target on shares of Tidewater from $68.00 to $69.00 in a research note to investors on Wednesday, August 7th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. Tidewater currently has an average rating of “Buy” and a consensus target price 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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