Bristow Group Upgraded by Zacks to “Neutral” (BRS)
Bristow Group (NYSE:BRS) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued to investors on Friday. The firm currently has a $79.30 price objective on the stock. Zacks‘s target price points to a potential upside of 1.24% from the company’s current price.
Bristow Group (NYSE:BRS) traded up 1.33% on Friday, hitting $79.37. 167,343 shares of the company’s stock traded hands. Bristow Group has a 1-year low of $62.34 and a 1-year high of $85.70. The stock’s 50-day moving average is $75.90 and its 200-day moving average is $75.05. The company has a market cap of $2.824 billion and a P/E ratio of 15.39.
Bristow Group (NYSE:BRS) last announced its earnings results on Wednesday, May 21st. The company reported $1.35 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.23 by $0.12. The company had revenue of $440.00 million for the quarter, compared to the consensus estimate of $438.80 million. During the same quarter last year, the company posted $1.01 earnings per share. Bristow Group’s revenue was up 12.6% compared to the same quarter last year. Analysts expect that Bristow Group will post $5.04 EPS for the current fiscal year.
A number of other firms have also recently commented on BRS. Analysts at Barclays cut their price target on shares of Bristow Group from $102.00 to $100.00 in a research note on Friday, May 23rd. Analysts at Clarkson Capital initiated coverage on shares of Bristow Group in a research note on Tuesday, April 8th. They set an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $91.26.
In other Bristow Group news, CFO John H. Briscoe purchased 4,000 shares of the stock in a transaction dated Monday, June 16th. The shares were purchased at an average price of $76.95 per share, for a total transaction of $307,800.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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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