Bristow Group (NYSE:VTOL) Raised to “Buy” at Wall Street Zen

Bristow Group (NYSE:VTOL) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday.

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of Bristow Group in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy”.

Bristow Group Stock Up 1.9%

Shares of VTOL opened at $38.92 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.81 and a debt-to-equity ratio of 0.69. The business has a fifty day moving average of $37.62 and a 200 day moving average of $33.84. The company has a market cap of $1.12 billion, a PE ratio of 9.70 and a beta of 1.33. Bristow Group has a 52-week low of $25.11 and a 52-week high of $39.32.

Bristow Group (NYSE:VTOL) last announced its earnings results on Tuesday, August 5th. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.31. The business had revenue of $376.43 million for the quarter, compared to the consensus estimate of $380.00 million. Bristow Group had a net margin of 8.24% and a return on equity of 12.86%. Bristow Group has set its FY 2025 guidance at EPS. FY 2026 guidance at EPS.

Insider Buying and Selling at Bristow Group

In other news, CFO Jennifer Dawn Whalen sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $37.55, for a total transaction of $187,750.00. Following the transaction, the chief financial officer owned 94,203 shares in the company, valued at $3,537,322.65. This represents a 5.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Stuart Stavley sold 10,000 shares of Bristow Group stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $37.10, for a total transaction of $371,000.00. Following the completion of the sale, the chief operating officer owned 78,947 shares of the company’s stock, valued at $2,928,933.70. This trade represents a 11.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,581 shares of company stock worth $1,291,103. 13.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Bristow Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in shares of Bristow Group in the 2nd quarter valued at $25,000. Federated Hermes Inc. increased its holdings in shares of Bristow Group by 74.7% in the first quarter. Federated Hermes Inc. now owns 912 shares of the company’s stock valued at $29,000 after purchasing an additional 390 shares during the period. Strs Ohio purchased a new position in shares of Bristow Group in the first quarter worth about $44,000. CWM LLC lifted its holdings in shares of Bristow Group by 208.4% during the second quarter. CWM LLC now owns 1,351 shares of the company’s stock worth $45,000 after purchasing an additional 913 shares during the period. Finally, Banque Transatlantique SA acquired a new stake in shares of Bristow Group during the first quarter worth about $73,000. 93.29% of the stock is currently owned by institutional investors and hedge funds.

About Bristow Group

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.