Bristow Group Price Target Lowered to $94.00 at Cowen and Company (BRS)
Equities researchers at Cowen and Company reduced their target price on shares of Bristow Group (NYSE:BRS) from $100.00 to $94.00 in a research report issued on Tuesday, Analyst Ratings Net reports. The firm currently has an “outperform” rating on the stock. Cowen and Company’s price objective suggests a potential upside of 22.11% from the company’s current price.
A number of other analysts have also recently weighed in on BRS. Analysts at Iberia Capital initiated coverage on shares of Bristow Group in a research note to investors on Monday, December 23rd. They set an “outperform” rating on the stock. Separately, analysts at Barclays raised their price target on shares of Bristow Group from $99.00 to $104.00 in a research note to investors on Tuesday, December 17th. They now have an “equal weight” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. upgraded shares of Bristow Group from a “sell” rating to a “neutral” rating in a research note to investors on Monday, November 18th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Bristow Group has a consensus rating of “Buy” and a consensus target price of $89.67.
Bristow Group (NYSE:BRS) traded up 2.15% on Tuesday, hitting $76.98. The stock had a trading volume of 490,104 shares. Bristow Group has a one year low of $54.52 and a one year high of $85.70. The stock’s 50-day moving average is $77.28 and its 200-day moving average is $73.18. The company has a market cap of $2.819 billion and a P/E ratio of 12.86.
Bristow Group (NYSE:BRS) last issued its quarterly earnings data on Friday, November 8th. The company reported $1.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.04 by $0.23. The company had revenue of $417.30 million for the quarter, compared to the consensus estimate of $401.32 million. During the same quarter last year, the company posted $0.80 earnings per share. Bristow Group’s revenue was up 14.1% compared to the same quarter last year. Analysts expect that Bristow Group will post $4.61 EPS 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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