Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Transportation industry lower today making it today's featured Transportation laggard. The industry as a whole closed the day up 0.2%. By the end of trading, Tidewater fell $0.69 (-1.1%) to $59.85 on light volume. Throughout the day, 346,952 shares of Tidewater exchanged hands as compared to its average daily volume of 563,600 shares. The stock ranged in price between $59.49-$60.50 after having opened the day at $60.35 as compared to the previous trading day's close of $60.54. Other companies within the Transportation industry that declined today were:
), down 11.6%,
), down 7.9%,
), down 5.7% and
), down 4.6%.
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Tidewater Inc. provides offshore service vessels and marine support services through the operation of a fleet of marine service vessels. Tidewater has a market cap of $3.0 billion and is part of the basic materials sector. Shares are up 35.5% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Tidewater a buy, no analysts rate it a sell, and 1 rates it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full Tidewater Ratings Report.
On the positive front,
), up 7.5%,
), up 7.1%,
), up 6.3% and
), up 5.7% , were all gainers within the transportation industry with
) being today's featured transportation industry leader.
- Use our transportation section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the transportation industry could consider
) while those bearish on the transportation industry could consider
- Find other investment ideas from our top rated ETFs lists.