Bristow Group Inc (NYSE:BRS) Receives Consensus Rating of “Hold” from Analysts
Bristow Group Inc (NYSE:BRS) has received a consensus recommendation of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $13.25.
Several equities analysts recently commented on the company. Barclays PLC reiterated a “hold” rating and issued a $10.00 target price on shares of Bristow Group in a research note on Friday. BidaskClub lowered Bristow Group from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Cowen and Company lowered Bristow Group from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $14.00 to $7.00 in a research note on Friday, May 26th. Credit Suisse Group reissued a “hold” rating and set a $10.00 price target on shares of Bristow Group in a research report on Sunday, May 28th. Finally, Zacks Investment Research raised Bristow Group from a “sell” rating to a “hold” rating in a research report on Monday, May 15th.
Bristow Group (NYSE:BRS) opened at 7.47 on Tuesday. Bristow Group has a 12-month low of $6.21 and a 12-month high of $21.88. The stock’s market capitalization is $263.89 million. The stock’s 50 day moving average price is $7.33 and its 200-day moving average price is $11.79.
Bristow Group (NYSE:BRS) last released its earnings results on Thursday, August 3rd. The oil and gas company reported ($0.83) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.11) by $0.28. The firm had revenue of $352.10 million during the quarter, compared to analyst estimates of $299.93 million. Bristow Group had a negative return on equity of 6.83% and a negative net margin of 13.32%. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.34) earnings per share. Analysts expect that Bristow Group will post ($3.44) earnings per share for the current year.
Large investors have recently modified their holdings of the company. UBS Asset Management Americas Inc. bought a new stake in shares of Bristow Group during the first quarter valued at $221,000. Gargoyle Investment Advisor L.L.C. bought a new stake in shares of Bristow Group during the first quarter valued at $302,000. Comerica Bank increased its stake in shares of Bristow Group by 4.0% in the first quarter. Comerica Bank now owns 35,320 shares of the oil and gas company’s stock valued at $490,000 after buying an additional 1,374 shares during the last quarter. Suntrust Banks Inc. increased its stake in shares of Bristow Group by 0.5% in the first quarter. Suntrust Banks Inc. now owns 38,926 shares of the oil and gas company’s stock valued at $591,000 after buying an additional 175 shares during the last quarter. Finally, ING Groep NV bought a new stake in shares of Bristow Group during the first quarter valued at $2,434,000.
Bristow Group Company Profile
Bristow Group Inc is an industrial aviation services provider and helicopter service provider to the offshore energy industry. The Industrial Aviation Services segment’s operations are conducted primarily through four regions: Europe Caspian, Africa, Americas and Asia Pacific. The Europe Caspian region consists of all its operations and affiliates in Europe and Central Asia, including Norway, the United Kingdom and Turkmenistan.
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