Bristow Group Inc. Reaches New 12-Month High at $74.20 (BRS)
Bristow Group (NYSE:BRS)’s share price reached a new 52-week high on Tuesday, Analyst Ratings Network.com reports. The company traded as high as $74.20 and last traded at $73.97, with a volume of 94,490 shares traded. The stock had previously closed at $72.76.
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. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $78.50.
In other Bristow Group news, SVP Hilary Ware sold 4,000 shares of Bristow Group stock on the open market in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $73.00, for a total value of $292,000.00. Following the transaction, the senior vice president now directly owns 10,892 shares in the company, valued at approximately $795,116. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Bristow Group has a 52-week low of $48.10 and a 52-week high of $74.50. The stock has a 50-day moving average of $69.23 and a 200-day moving average of $66.21. The company has a market cap of $2.708 billion and a P/E ratio of 19.89.
Bristow Group (NYSE:BRS) last announced its earnings results on Monday, August 5th. The company reported $1.00 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.81 earnings per share. Bristow Group’s revenue was up 10.0% compared to the same quarter last year. On average, analysts predict that Bristow Group will post $4.51 earnings per share for the current fiscal year.
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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