Bristow Group Inc. (NYSE:BRS) Receives $17.71 Average Price Target from Analysts
Shares of Bristow Group Inc. (NYSE:BRS) have earned a consensus rating of “Hold” from the eleven analysts that are presently covering the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $17.71.
A number of brokerages recently issued reports on BRS. Credit Suisse Group AG restated a “hold” rating and issued a $15.00 price target on shares of Bristow Group in a research note on Wednesday, June 29th. Barclays PLC upgraded shares of Bristow Group from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $22.00 to $20.00 in a research note on Monday, June 6th. Cowen and Company dropped their price target on shares of Bristow Group from $18.00 to $14.00 and set an “outperform” rating for the company in a research note on Thursday, September 1st. Zacks Investment Research upgraded shares of Bristow Group from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research note on Tuesday, August 2nd. Finally, Capital One Financial Corp. lowered shares of Bristow Group from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, August 16th.
Shares of Bristow Group (NYSE:BRS) opened at 14.02 on Wednesday. Bristow Group has a 12 month low of $9.17 and a 12 month high of $37.19. The stock’s market capitalization is $491.58 million. The firm has a 50 day moving average of $12.02 and a 200-day moving average of $14.76.
Bristow Group (NYSE:BRS) last posted its earnings results on Thursday, August 4th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.13) by $0.21. Bristow Group had a positive return on equity of 1.16% and a negative net margin of 6.50%. The firm had revenue of $356.10 million for the quarter, compared to analyst estimates of $383.79 million. During the same period in the previous year, the firm posted $0.56 earnings per share. The company’s revenue for the quarter was down 20.9% on a year-over-year basis. Analysts forecast that Bristow Group will post ($1.76) earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Thursday, September 1st were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Tuesday, August 30th. Bristow Group’s dividend payout ratio (DPR) is -9.30%.
In other news, insider Jonathan Baliff purchased 8,200 shares of Bristow Group stock in a transaction dated Monday, August 15th. The stock was bought at an average price of $12.12 per share, with a total value of $99,384.00. Following the completion of the acquisition, the insider now owns 50,998 shares in the company, valued at approximately $618,095.76. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Chet Akiri purchased 5,565 shares of Bristow Group stock in a transaction dated Monday, August 29th. The shares were purchased at an average cost of $11.62 per share, with a total value of $64,665.30. Following the acquisition, the insider now owns 5,565 shares of the company’s stock, valued at approximately $64,665.30. The disclosure for this purchase can be found here. Insiders own 9.60% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Prudential Financial Inc. increased its position in shares of Bristow Group by 171.8% in the first quarter. Prudential Financial Inc. now owns 1,159,606 shares of the company’s stock valued at $21,940,000 after buying an additional 733,000 shares during the period. Vanguard Group Inc. increased its stake in Bristow Group by 9.3% in the second quarter. Vanguard Group Inc. now owns 2,688,072 shares of the company’s stock valued at $30,672,000 after buying an additional 227,895 shares during the last quarter. Mackenzie Financial Corp bought a new stake in Bristow Group during the second quarter valued at $2,194,000. LSV Asset Management increased its stake in Bristow Group by 17.1% in the second quarter. LSV Asset Management now owns 914,049 shares of the company’s stock valued at $10,429,000 after buying an additional 133,299 shares during the last quarter. Finally, BlackRock Fund Advisors increased its stake in Bristow Group by 5.2% in the second quarter. BlackRock Fund Advisors now owns 2,491,308 shares of the company’s stock valued at $28,426,000 after buying an additional 123,169 shares during the last quarter.
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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