Tidewater Now Covered by Cowen and Company (TDW)
Investment analysts at Cowen and Company initiated coverage on shares of Tidewater (NYSE:TDW) in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $70.00 price target on the stock. Cowen and Company’s price target points to a potential upside of 20.61% from the company’s current price.
TDW has been the subject of a number of other recent research reports. Analysts at Barclays Capital reiterated a “buy” rating on shares of Tidewater in a research note to investors on Tuesday. They now have a $71.00 price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Tidewater from $63.00 to $64.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Finally, 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $62.70.
Shares of Tidewater (NYSE:TDW) opened at 58.04 on Wednesday. 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 $57.17 and its 200-day moving average is $55.82. The company has a market cap of $2.857 billion and a P/E ratio of 19.40.
Tidewater (NYSE:TDW) last posted its quarterly earnings results 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 in the prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 13.5% on a year-over-year basis. On average, analysts predict that Tidewater will post $3.96 earnings per share for the current fiscal year.
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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