Bristow Group (NYSE:VTOL) Raised to Hold at Zacks Research

Bristow Group (NYSE:VTOL) was upgraded by Zacks Research to a “hold” rating in a report released on Thursday,Zacks.com reports.

A number of other analysts have also recently commented on the stock. Raymond James Financial initiated 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. Weiss Ratings reissued a “buy (b-)” rating on shares of Bristow Group in a research note on Wednesday, January 21st. Finally, JonesTrading began coverage on shares of Bristow Group in a report on Friday, January 23rd. They issued a “buy” rating for the company. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Bristow Group Price Performance

Bristow Group stock opened at $46.58 on Thursday. The firm has a market capitalization of $1.35 billion, a P/E ratio of 9.74 and a beta of 1.38. The business has a 50-day moving average of $41.02 and a 200-day moving average of $38.91. The company has a current ratio of 1.91, a quick ratio of 1.53 and a debt-to-equity ratio of 0.63. Bristow Group has a 1 year low of $25.11 and a 1 year high of $47.00.

Insiders Place Their Bets

In other Bristow Group news, Director Lorin L. Brass sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $38.00, for a total value of $95,000.00. Following the completion of the transaction, the director directly owned 21,705 shares in the company, valued at $824,790. This trade represents a 10.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 13.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Bristow Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Bristow Group during the second quarter worth $25,000. Clearstead Advisors LLC increased 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 raised its holdings in shares of Bristow Group by 1,645.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,117 shares of the company’s stock valued at $41,000 after purchasing an additional 1,053 shares during the period. CWM LLC lifted its stake in Bristow Group by 208.4% in 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 bought a new position in Bristow Group during the first quarter worth about $44,000. 93.29% of the stock is owned by 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.