Raymond James reiterates Tidewater stock rating on Brazil acquisition
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Raymond James Financial
American multinational independent investment bank and financial services company
Raymond James Financial, Inc. is an American multinational independent investment bank and financial services company providing financial services to individuals, corporations, and municipalities through its subsidiary companies that engage primarily in investment and financial planning, in addition...
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try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Gold prices rise as Trump tariff turmoil boost safe haven demand Dystopian AI report sinks payment and software stocks These 2 chip stocks are new Top Picks at Citi Dow slides 700 points on Trump tariff turmoil, Nasdaq falls on AI research report (South Africa Philippines Nigeria) Raymond James reiterates Tidewater stock rating on Brazil acquisition By Investing.com Analyst Ratings Published 02/23/2026, 01:33 PM Raymond James reiterates Tidewater stock rating on Brazil acquisition 0 TDW 4.20% Investing.com - Raymond James reiterated an Outperform rating and $75.00 price target on Tidewater Inc (NYSE:TDW) following the company’s acquisition announcement. Tidewater announced the acquisition of Wilson Sons Ultratug Offshore and its affiliate Atlantic Offshore Services for $500 million, including the assumption of WSUT’s existing, low-cost debt. The deal includes a fleet of 22 platform supply vessels, 19 of which are Brazilian-built, with 21 of the 22 currently active in Brazil. Tidewater CEO Quintin Kneen said the agreement marks another milestone for the country, as the Brazilian offshore vessel market is one of the largest and most compelling in the world. The transaction is expected to close in the second quarter of 2026. WSUT is forecast to provide approximately $220 million in revenue with approximately 58% gross margins in the first year. The acquisition is expected to generate an additional $14 million in annual general and administrative expenses, implying approximately $114 million of EBITDA. Raymond James analyst James Rollyson maintained the Outperform rating and $75.00 price target on the stock. Notably, Tidewater shares are currently trading at $76.30, up 45% year-to-date and near their 52-week high. According to InvestingPro analysis, the stock appears undervalued at current levels, with a Financial Health Score rated as "GREAT." Investors can access detailed valuation metrics and 8 additional ProT...
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