Bristow Group (NYSE:VTOL) Upgraded to “Moderate Buy” at Raymond James Financial

Bristow Group (NYSE:VTOL) was upgraded by stock analysts at Raymond James Financial to a “moderate buy” rating in a report issued on Tuesday,Zacks.com reports.

VTOL has been the topic of a number of other research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Bristow Group in a research note on Wednesday, January 21st. JonesTrading initiated coverage on shares of Bristow Group in a report on Friday, January 23rd. They set a “buy” rating for the company. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, Bristow Group has a consensus rating of “Buy” and a consensus price target of $60.00.

Bristow Group Price Performance

Shares of NYSE:VTOL opened at $46.88 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.91 and a quick ratio of 1.53. The business has a 50-day moving average of $40.82 and a two-hundred day moving average of $38.83. The stock has a market capitalization of $1.36 billion, a P/E ratio of 9.81 and a beta of 1.38. Bristow Group has a fifty-two week low of $25.11 and a fifty-two week high of $46.94.

Insider Buying and Selling at Bristow Group

In related news, Director Lorin L. Brass sold 2,500 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $38.00, for a total transaction of $95,000.00. Following the sale, the director owned 21,705 shares in the company, valued at $824,790. The trade was a 10.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 13.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new position in Bristow Group in the second quarter worth approximately $25,000. Clearstead Advisors LLC increased its position in shares of Bristow Group by 1,450.7% during the fourth quarter. Clearstead Advisors LLC now owns 1,070 shares of the company’s stock worth $39,000 after acquiring an additional 1,001 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in Bristow Group by 1,645.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,117 shares of the company’s stock worth $41,000 after purchasing an additional 1,053 shares during the last quarter. CWM LLC increased its position in shares of Bristow Group by 208.4% during the 2nd quarter. CWM LLC now owns 1,351 shares of the company’s stock valued at $45,000 after purchasing an additional 913 shares during the last quarter. Finally, Strs Ohio purchased a new stake in shares of Bristow Group during the 1st quarter worth approximately $44,000. Institutional investors and hedge funds own 93.29% of the company’s stock.

Bristow Group Company Profile

Bristow Group Inc is a global provider of helicopter services to the offshore energy industry and search-and-rescue (SAR) operations worldwide. The company specializes in the safe and efficient transport of personnel, equipment and supplies to offshore oil and gas platforms, as well as emergency response and medevac services. Bristow’s operations support exploration, production and decommissioning activities, helping energy companies maintain continuity of production in some of the world’s most challenging environments.

The company maintains a diverse fleet of turbine-powered helicopters, including medium- and heavy-lift aircraft such as the Sikorsky S-92, Airbus H225 (formerly EC225) and Leonardo AW189.