Bristow Group (NYSE:VTOL) Raised to Moderate Buy at Raymond James Financial

Bristow Group (NYSE:VTOL) was upgraded by Raymond James Financial to a “moderate buy” rating in a research note issued on Tuesday,Zacks.com reports.

VTOL has been the topic of several other research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Bristow Group in a report on Wednesday, January 21st. JonesTrading initiated coverage on shares of Bristow Group in a research report on Friday, January 23rd. They set a “buy” rating on the stock. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Bristow Group presently has a consensus rating of “Buy” and an average target price of $60.00.

Bristow Group Price Performance

VTOL stock traded down $0.92 during midday trading on Tuesday, reaching $46.00. 33,136 shares of the company’s stock traded hands, compared to its average volume of 191,248. The company has a 50-day simple moving average of $40.82 and a two-hundred day simple moving average of $38.83. The company has a quick ratio of 1.53, a current ratio of 1.91 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. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 9.60 and a beta of 1.38.

Insiders Place Their Bets

In related 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 value of $95,000.00. Following the completion of the sale, the director directly owned 21,705 shares in the company, valued at approximately $824,790. This trade represents a 10.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 13.40% of the company’s stock.

Hedge Funds Weigh In On Bristow Group

Several hedge funds have recently bought and sold shares of VTOL. State of Tennessee Department of Treasury grew its stake in shares of Bristow Group by 30.3% in the fourth quarter. State of Tennessee Department of Treasury now owns 17,178 shares of the company’s stock worth $629,000 after purchasing an additional 3,990 shares during the last quarter. Empowered Funds LLC raised its position in Bristow Group by 4.0% during the 4th quarter. Empowered Funds LLC now owns 139,922 shares of the company’s stock worth $5,124,000 after purchasing an additional 5,433 shares during the last quarter. XTX Topco Ltd acquired a new position in Bristow Group during the 4th quarter worth about $800,000. VARCOV Co. bought a new stake in shares of Bristow Group in the 4th quarter valued at about $291,000. Finally, Wellington Management Group LLP grew its position in shares of Bristow Group by 3.1% in the 4th quarter. Wellington Management Group LLP now owns 755,388 shares of the company’s stock valued at $27,662,000 after buying an additional 22,680 shares during the last quarter. 93.29% of the stock is owned by institutional investors.

About Bristow Group

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.