Bristow Group (NYSE:VTOL) Upgraded at Zacks Research

Zacks Research upgraded shares of Bristow Group (NYSE:VTOL) to a hold rating in a report published on Thursday,Zacks.com reports.

Several other analysts also recently weighed in on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Bristow Group in a research report 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. Finally, Raymond James Financial assumed coverage on shares of Bristow Group in a research report on Tuesday. They issued an “outperform” rating and a $60.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Bristow Group currently has an average rating of “Moderate Buy” and an average target price of $60.00.

Bristow Group Stock Performance

Bristow Group stock opened at $46.58 on Thursday. The company’s 50-day moving average price is $41.02 and its 200-day moving average price is $38.94. The company has a quick ratio of 1.53, a current ratio of 1.91 and a debt-to-equity ratio of 0.63. The company has a market cap of $1.35 billion, a PE ratio of 9.74 and a beta of 1.38. Bristow Group has a twelve month low of $25.11 and a twelve month high of $47.00.

Insider Transactions at Bristow Group

In other Bristow Group news, Director Lorin L. Brass sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $38.00, for a total transaction of $95,000.00. Following the transaction, the director owned 21,705 shares of the company’s stock, valued at approximately $824,790. This trade represents a 10.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 13.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Bristow Group

Several institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in Bristow Group during the second quarter worth $25,000. Clearstead Advisors LLC lifted its stake in shares of Bristow Group by 1,450.7% during the 4th quarter. Clearstead Advisors LLC now owns 1,070 shares of the company’s stock worth $39,000 after purchasing an additional 1,001 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Bristow Group by 1,645.3% during the 4th 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. Strs Ohio bought a new stake in Bristow Group during the first quarter valued at about $44,000. Finally, CWM LLC grew its stake in Bristow Group by 208.4% in the second 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. 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.