Bristow Group Inc. Reaches New 12-Month High at $70.50 (BRS)
Bristow Group (NYSE:BRS)’s share price reached a new 52-week high on Wednesday, ARN reports. The company traded as high as $70.50 and last traded at $69.90, with a volume of 234,837 shares traded. The stock had previously closed at $69.12.
A number of research firms have recently commented on BRS. Analysts at Cowen and Company reiterated a “buy” rating on shares of Bristow Group (NYSE:BRS) in a research note to investors on Tuesday, September 3rd. They now have a $76.00 price target on the stock. Separately, analysts at Barclays Capital raised their price target on shares of Bristow Group (NYSE:BRS) from $87.00 to $98.00 in a research note to investors on Tuesday, September 3rd. They now have an “equal weight” rating on the stock. Finally, analysts at Global Hunter Securities raised their price target on shares of Bristow Group (NYSE:BRS) from $75.00 to $77.00 in a research note to investors on Wednesday, August 7th.
One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $74.71.
In other Bristow Group news, CFO Jonathan Baliff sold 10,186 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $68.88, for a total transaction of $701,611.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Bristow Group has a one year low of $48.10 and a one year high of $70.50. The stock’s 50-day moving average is $67.82 and its 200-day moving average is $64.75. The company has a market cap of $2.540 billion and a price-to-earnings ratio of 18.89.
Bristow Group (NYSE:BRS) last released its earnings data on Monday, August 5th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.04. The company had revenue of $359.50 million for the quarter, compared to the consensus estimate of $386.82 million. During the same quarter in the previous year, the company posted $0.81 earnings per share. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, analysts predict that Bristow Group will post $4.47 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Wednesday, August 28th.
Bristow Group Inc (NYSE:BRS) is a provider of helicopter services to the worldwide offshore energy industry based on the number of aircraft operated and one of two helicopter service providers to the offshore energy industry with global operations.
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