Bristow Group (NYSE:VTOL) Stock Rating Lowered by Wall Street Zen

Bristow Group (NYSE:VTOL) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other research analysts also recently weighed in on the company. Zacks Research raised Bristow Group to a “hold” rating in a report on Thursday, February 19th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bristow Group in a research report on Wednesday, January 21st. JonesTrading assumed coverage on shares of Bristow Group in a research note on Friday, January 23rd. They issued a “buy” rating on the stock. Finally, Raymond James Financial began coverage on shares of Bristow Group in a research report on Tuesday, February 17th. They set an “outperform” rating and a $60.00 target price for the company. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Bristow Group presently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Bristow Group Stock Down 0.7%

Shares of Bristow Group stock opened at $47.64 on Friday. Bristow Group has a twelve month low of $25.11 and a twelve month high of $49.55. The company has a quick ratio of 1.54, a current ratio of 1.90 and a debt-to-equity ratio of 0.61. The company’s 50 day moving average is $42.08 and its 200 day moving average is $39.26. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 11.03 and a beta of 1.35.

Bristow Group (NYSE:VTOL) last announced its earnings results on Wednesday, February 25th. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.15. The business had revenue of $377.26 million during the quarter, compared to analyst estimates of $380.33 million. Bristow Group had a net margin of 8.66% and a return on equity of 12.87%.

Insider Buying and Selling

In other Bristow Group news, COO Stuart Stavley sold 24,908 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $47.02, for a total transaction of $1,171,174.16. Following the sale, the chief operating officer owned 85,790 shares in the company, valued at approximately $4,033,845.80. This trade represents a 22.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 13.40% of the company’s stock.

Institutional Trading of Bristow Group

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

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.