Bristow Group Inc (BRS) Given Consensus Recommendation of “Hold” by Brokerages
Bristow Group Inc (NYSE:BRS) has been given a consensus rating of “Hold” by the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $13.25.
A number of brokerages recently weighed in on BRS. Zacks Investment Research lowered shares of Bristow Group from a “buy” rating to a “hold” rating in a report on Thursday. BidaskClub lowered shares of Bristow Group from a “hold” rating to a “sell” rating in a report on Friday, July 28th. ValuEngine raised shares of Bristow Group from a “strong sell” rating to a “sell” rating in a report on Saturday, May 20th. Barclays PLC set a $13.00 price target on shares of Bristow Group and gave the company a “hold” rating in a report on Friday, May 26th. Finally, Credit Suisse Group reissued a “hold” rating and issued a $10.00 price target on shares of Bristow Group in a report on Sunday, May 28th.
In other Bristow Group news, insider Jonathan Baliff bought 6,500 shares of the stock in a transaction on Friday, August 18th. The stock was purchased at an average price of $7.70 per share, with a total value of $50,050.00. Following the acquisition, the insider now owns 67,344 shares of the company’s stock, valued at $518,548.80. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 10.00% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ariel Investments LLC grew its holdings in Bristow Group by 3.8% during the 1st quarter. Ariel Investments LLC now owns 10,160,521 shares of the oil and gas company’s stock worth $154,542,000 after acquiring an additional 371,009 shares during the period. Dimensional Fund Advisors LP grew its holdings in Bristow Group by 0.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,959,621 shares of the oil and gas company’s stock worth $45,015,000 after acquiring an additional 21,261 shares during the period. Vanguard Group Inc. grew its holdings in Bristow Group by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 2,427,238 shares of the oil and gas company’s stock worth $36,918,000 after acquiring an additional 62,466 shares during the period. Boston Partners grew its holdings in Bristow Group by 112.2% during the 2nd quarter. Boston Partners now owns 1,818,857 shares of the oil and gas company’s stock worth $13,914,000 after acquiring an additional 961,730 shares during the period. Finally, State Street Corp grew its holdings in Bristow Group by 29.6% during the 1st quarter. State Street Corp now owns 1,419,712 shares of the oil and gas company’s stock worth $21,594,000 after acquiring an additional 324,214 shares during the period.
Shares of Bristow Group (BRS) opened at 8.62 on Friday. Bristow Group has a 52-week low of $6.21 and a 52-week high of $21.88. The firm’s market capitalization is $304.52 million. The firm has a 50-day moving average price of $7.86 and a 200-day moving average price of $10.64.
Bristow Group (NYSE:BRS) last issued its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($0.83) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.11) by $0.28. The business had revenue of $352.10 million during the quarter, compared to analyst estimates of $299.93 million. Bristow Group had a negative net margin of 13.32% and a negative return on equity of 6.83%. Bristow Group’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.34) earnings per share. On average, equities research analysts anticipate that Bristow Group will post ($3.42) EPS for the current year.
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About Bristow Group
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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