Tidewater (TDW) Receives Price Target

Tidewater (TDW) : The highest level Tidewater (TDW) is projected to reach is $9 for the short term and the lowest estimate is at $4. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $5.67 and the possibility the share price can swing is $1.6.

Tidewater (TDW) has an average broker rating of 3.3, which is interpreted as a Hold, as rated by 9 equity analysts. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.


Also, Johnson Rice downgrades its view on Tidewater (NYSE:TDW) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Earlier, the shares had a rating of Accumulate. The rating by the firm was issued on August 10, 2016.

Tidewater (NYSE:TDW): The stock opened at $3.23 on Thursday but the bulls could not build on the opening and the stock topped out at $3.23 for the day. The stock traded down to $3.05 during the day, due to lack of any buying support eventually closed down at $3.09 with a loss of -5.50% for the day. The stock had closed at $3.27 on the previous day. The total traded volume was 1,302,620 shares.

Tidewater Inc. provides offshore service vessels and marine support services to the global offshore energy industry. The Company operates through four operating segments: Americas, Asia/Pacific, Middle East/North Africa and Sub-Saharan Africa/Europe. The Americas segment includes the activities of its North American operations, which include operations in the United States Gulf of Mexico (GOM), and the United States and Canadian coastal waters of the Pacific and Atlantic oceans, as well as operations in Mexico, Trinidad and Brazil. The Asia/Pacific segment includes its Australian, Southeast Asian and Western Pacific operations. The Middle East/North Africa segment includes its operations in the Mediterranean and Red Seas, the Black Sea, the Arabian Gulf and offshore India. The Sub-Saharan Africa/Europe segment includes operations conducted along the East and West Coasts of Africa, as well as operations in the Caspian Sea, the North Sea, and other arctic and cold water markets.

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