Bristow Group (BRS) Raised to Strong-Buy at ValuEngine

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ValuEngine upgraded shares of Bristow Group (NYSE:BRS) from a buy rating to a strong-buy rating in a research report sent to investors on Tuesday morning.

Several other research analysts have also commented on BRS. Credit Suisse Group cut their price target on Bristow Group from $14.00 to $13.00 and set a neutral rating on the stock in a research report on Wednesday, August 8th. Zacks Investment Research lowered Bristow Group from a hold rating to a sell rating in a research report on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $13.25.

Shares of NYSE BRS opened at $10.49 on Tuesday. Bristow Group has a fifty-two week low of $8.22 and a fifty-two week high of $18.91. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.94 and a current ratio of 2.32.

Bristow Group (NYSE:BRS) last released its quarterly earnings results on Thursday, August 2nd. The oil and gas company reported ($0.82) EPS for the quarter, missing the consensus estimate of ($0.64) by ($0.18). The firm had revenue of $367.90 million for the quarter, compared to analyst estimates of $348.80 million. Bristow Group had a negative return on equity of 6.36% and a negative net margin of 11.80%. The company’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the firm earned ($0.83) EPS. equities analysts forecast that Bristow Group will post -2.8 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC acquired a new position in shares of Bristow Group in the second quarter valued at approximately $106,000. Alpine Woods Capital Investors LLC acquired a new position in shares of Bristow Group in the second quarter valued at approximately $111,000. Eqis Capital Management Inc. acquired a new position in shares of Bristow Group in the second quarter valued at approximately $200,000. Trexquant Investment LP acquired a new position in shares of Bristow Group in the second quarter valued at approximately $206,000. Finally, Whittier Trust Co. acquired a new position in shares of Bristow Group in the second quarter valued at approximately $1,225,000.

Bristow Group Company Profile

Bristow Group Inc provides industrial aviation services to the offshore energy companies in Europe Caspian, Africa, the Americas, and the Asia Pacific. The company offers helicopter charter services to transport personnel between onshore bases and offshore production platforms, drilling rigs, and other installations, as well as to transport time-sensitive equipment to these offshore locations.

Further Reading: What is Considered a Good Return on Equity (ROE)?

To view ValuEngine’s full report, visit ValuEngine’s official website.

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