Bristow Group Receives Consensus Rating of “Buy” from Analysts (NYSE:BRS)
Shares of Bristow Group (NYSE:BRS) have been given an average rating of “Buy” by the nine brokerages that are covering the stock, Stock Ratings Network reports. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $90.40.
Shares of Bristow Group (NYSE:BRS) opened at 71.38 on Wednesday. Bristow Group has a 1-year low of $64.10 and a 1-year high of $85.70. The stock’s 50-day moving average is $75.40 and its 200-day moving average is $74.87. The company has a market cap of $2.538 billion and a price-to-earnings ratio of 12.57.
Bristow Group (NYSE:BRS) last released its earnings data on Monday, August 4th. The company reported $1.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.08 by $0.24. The company had revenue of $472.53 million for the quarter, compared to the consensus estimate of $451.31 million. During the same quarter last year, the company posted $1.00 earnings per share. Bristow Group’s revenue was up 18.4% compared to the same quarter last year. On average, analysts predict that Bristow Group will post $5.03 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Wednesday, August 27th.
Several analysts have recently commented on the stock. Analysts at Credit Suisse downgraded shares of Bristow Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 5th. They now have a $75.00 price target on the stock, down previously from $95.00. 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.
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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