Brokerages Set Bristow Group Inc (BRS) Price Target at $14.00

Shares of Bristow Group Inc (NYSE:BRS) have received an average rating of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $14.00.

A number of analysts have recently issued reports on the company. BidaskClub raised Bristow Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Cowen and Company lowered Bristow Group from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $14.00 to $7.00 in a research note on Friday, May 26th. Credit Suisse Group reaffirmed a “hold” rating and issued a $10.00 price target on shares of Bristow Group in a research note on Sunday, May 28th. Zacks Investment Research raised Bristow Group from a “sell” rating to a “hold” rating in a research note on Monday, May 15th. Finally, Barclays PLC set a $13.00 price target on Bristow Group and gave the stock a “hold” rating in a research note on Friday, May 26th.

Bristow Group (BRS) traded down 4.80% on Friday, reaching $7.14. The company had a trading volume of 1,034,258 shares. The stock’s market capitalization is $251.45 million. The stock’s 50 day moving average is $7.17 and its 200-day moving average is $13.01. Bristow Group has a 1-year low of $6.21 and a 1-year high of $21.88.

Bristow Group (NYSE:BRS) last issued its quarterly earnings data on Tuesday, May 23rd. The oil and gas company reported ($1.15) EPS for the quarter, missing the consensus estimate of ($0.48) by $0.67. Bristow Group had a negative net margin of 12.12% and a negative return on equity of 5.34%. The business had revenue of $323.70 million during the quarter, compared to analyst estimates of $327.92 million. During the same period in the previous year, the business posted $0.13 earnings per share. The firm’s revenue for the quarter was down 13.7% on a year-over-year basis. On average, equities analysts predict that Bristow Group will post ($3.69) EPS for the current fiscal year.

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Several hedge funds have recently modified their holdings of the company. Mason Street Advisors LLC increased its position in shares of Bristow Group by 7.0% in the first quarter. Mason Street Advisors LLC now owns 7,468 shares of the oil and gas company’s stock worth $114,000 after buying an additional 489 shares during the last quarter. Invictus RG bought a new position in shares of Bristow Group during the first quarter worth approximately $136,000. Nisa Investment Advisors LLC increased its position in shares of Bristow Group by 959.5% in the first quarter. Nisa Investment Advisors LLC now owns 11,655 shares of the oil and gas company’s stock worth $177,000 after buying an additional 10,555 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Bristow Group by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 13,000 shares of the oil and gas company’s stock worth $198,000 after buying an additional 200 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its position in shares of Bristow Group by 10.9% in the first quarter. Public Employees Retirement System of Ohio now owns 13,950 shares of the oil and gas company’s stock worth $212,000 after buying an additional 1,373 shares during the last quarter.

Bristow Group Company Profile

Bristow Group Inc is an industrial aviation services provider and helicopter service provider to the offshore energy industry. The Industrial Aviation Services segment’s operations are conducted primarily through four regions: Europe Caspian, Africa, Americas and Asia Pacific. The Europe Caspian region consists of all its operations and affiliates in Europe and Central Asia, including Norway, the United Kingdom and Turkmenistan.

Analyst Recommendations for Bristow Group (NYSE:BRS)

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