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Tidewater (NYSE:TDW) was downgraded by research analysts at Morgan Stanley from an “overweight” rating to an “underweight” rating in a report released on Monday. They currently have a $50.00 price objective on the stock, down from their previous price objective of $59.00. Morgan Stanley’s price target would indicate a potential downside of 8.22% from the stock’s previous close.

Tidewater (NYSE:TDW) opened at 54.48 on Monday. Tidewater has a 52 week low of $45.51 and a 52 week high of $63.22. The stock’s 50-day moving average is $53.37 and its 200-day moving average is $51.62. The company has a market cap of $2.699 billion and a P/E ratio of 19.32.

Tidewater (NYSE:TDW) last released its earnings data on Tuesday, May 20th. The company reported $0.88 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.62 by $0.26. The company had revenue of $367.80 million for the quarter, compared to the consensus estimate of $359.84 million. During the same quarter in the prior year, the company posted $0.89 earnings per share. The company’s quarterly revenue was up 12.0% on a year-over-year basis. Analysts expect that Tidewater will post $4.73 EPS for the current fiscal year.

A number of other firms have also recently commented on TDW. Analysts at Argus raised their price target on shares of Tidewater from $58.00 to $71.00 in a research note on Thursday, June 26th. They now have a “buy” rating on the stock. Separately, analysts at Global Hunter Securities raised their price target on shares of Tidewater from $53.00 to $58.00 in a research note on Tuesday, May 27th. They now have a “buy” rating on the stock. Finally, analysts at Capital One Financial Corp. reiterated an “overweight” rating on shares of Tidewater in a research note on Thursday, May 22nd. They now have a $59.00 price target on the stock, down previously from $62.00. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. Tidewater has a consensus rating of “Hold” and an average target price of $61.88.

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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