Bristow Group (NYSE:VTOL) Price Target Increased to $50.00 by Analysts at Benchmark

Bristow Group (NYSE:VTOL) had its target price lifted by Benchmark from $45.00 to $50.00 in a report released on Thursday morning, Benzinga reports. Benchmark currently has a buy rating on the stock.

Bristow Group Trading Down 0.1 %

Shares of VTOL stock traded down $0.04 during trading hours on Thursday, reaching $37.73. The company’s stock had a trading volume of 142,197 shares, compared to its average volume of 122,313. The stock has a market capitalization of $1.07 billion, a P/E ratio of 943.25 and a beta of 1.32. Bristow Group has a one year low of $24.33 and a one year high of $41.50. The firm’s fifty day simple moving average is $34.47 and its 200 day simple moving average is $30.41. The company has a current ratio of 1.73, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65.

Bristow Group (NYSE:VTOL) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.23 earnings per share for the quarter. The firm had revenue of $337.09 million for the quarter. Bristow Group had a return on equity of 0.17% and a net margin of 0.10%.

Insider Activity at Bristow Group

In related news, EVP David F. Stepanek sold 16,667 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $32.92, for a total value of $548,677.64. Following the sale, the executive vice president now directly owns 47,668 shares of the company’s stock, valued at $1,569,230.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Brian D. Truelove sold 3,000 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $37.09, for a total value of $111,270.00. Following the sale, the director now directly owns 33,504 shares of the company’s stock, valued at $1,242,663.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP David F. Stepanek sold 16,667 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $32.92, for a total value of $548,677.64. Following the completion of the sale, the executive vice president now directly owns 47,668 shares in the company, valued at $1,569,230.56. The disclosure for this sale can be found here. 14.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Bristow Group

A number of institutional investors have recently modified their holdings of VTOL. Brown Advisory Inc. grew its stake in shares of Bristow Group by 98.7% in the fourth quarter. Brown Advisory Inc. now owns 696,582 shares of the company’s stock worth $19,692,000 after acquiring an additional 345,971 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Bristow Group by 12.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,264,574 shares of the company’s stock worth $35,750,000 after acquiring an additional 142,065 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Bristow Group by 16.6% in the second quarter. American Century Companies Inc. now owns 321,157 shares of the company’s stock worth $10,768,000 after acquiring an additional 45,738 shares during the last quarter. First Eagle Investment Management LLC grew its stake in shares of Bristow Group by 73.5% in the first quarter. First Eagle Investment Management LLC now owns 84,144 shares of the company’s stock worth $2,289,000 after acquiring an additional 35,644 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. purchased a new stake in shares of Bristow Group in the fourth quarter worth $470,000. 93.29% of the stock is owned by hedge funds and other institutional investors.

Bristow Group Company Profile

Bristow Group Inc provides vertical flight solutions. The company primarily offers aviation services to integrated, national, and independent offshore energy companies and government agencies. It also provides personnel transportation, search and rescue, medevac, ad hoc helicopter, fixed wing transportation, unmanned systems, and ad-hoc helicopter services, as well as logistical and maintenance support, training services, and flight and maintenance crews.