Bristow Group (NYSE:BRS) Receives a Downgrade
William Blair has downgraded the rating for shares of Bristow Group (NYSE:BRS) to a solid Market Perform in an interesting research report finalized on 18 December. BRS’s previous rating by the firm was a Outperform.
From a total of 10 analysts covering Bristow Group (NYSE:BRS) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $52 while the lowest target price is $29. The mean of all analyst targets is $39.6 with a 83.87% above today’s ($22.75) stock price. Bristow Group was the topic of 9 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. SunTrust initiated shares on December 7 with “Neutral” rating. Oppenheimer maintained BRS stock in a recent report from November 9 with “Outperform” rating.
The stock decreased 2.65% or $0.62 during the last trading session, striking $22.75. Approximately 1.35 million shares of stock traded hands or 72.70% up from the average. Bristow Group Inc (NYSE:BRS) has declined 61.61% since May 15, 2015 and is downtrending. It has underperformed by 57.80% the S&P500.
The overall sentiment of institutions has increased to 1.44 in Q2 2015. Its up 0.55, from 0.89 in 2015Q2. The ratio is positive, as 40 institutions have sold all the shares of Bristow Group Inc that they owned while 42 funds have taken shares off the table. 39 funds have purchased shares for the first time while 79 added to their positions. These institutions now hold 46.85 million shares or 24.65% more than the 37.58 million shares they owned in 2015Q2.
The Fund Caledonia Investments Plc currently is holding shares equating to 15.24% of its total portfolio in Bristow Group Inc representing a total of 1.62 million shares. Another fund,Ariel Investments Llc, is holding a total of 6.89 million shares equating to 2.25% of their holdings. Additionally, Skyline Asset Management Lp has a 399,707 share stake in Bristow Group Inc which represents 0.79% of their total portfolio. The Fund, Icon Advisers Inc Co, based out of Colorado, has also built up a stake in the stock, which represents a total of 0.57% of their total portfolio. Finally Key Group Holdings (Cayman) Ltd., a fund which is based in the state of Bahamas reported a total holdings of 300,000 shares.
Bristow Group Inc. is a provider of helicopter services to the offshore energy industry with global operations. The company has a market cap of $816.59 million. The Firm has transportation activities in the North Sea, Nigeria and the United States Gulf of Mexico, and in most of the other offshore energy producing regions of the world, including Australia, Brazil, Canada, Russia and Trinidad. It currently has negative earnings. It provides private sector search and rescue services in Australia, Canada, Norway, Russia and Trinidad, and provides public sector SAR services in North Scotland on behalf of the Maritime & Coastguard Agency.
According to Zacks Investment Research, “Bristow Group Inc. is a leading provider of helicopter services to the worldwide energy industry. Through its subsidiaries, affiliates and joint ventures, the Company has major transportation operations in the U.S. Gulf of Mexico and the North Sea, and in most of the other major offshore oil and gas producing regions of the world, including Alaska, Australia, Brazil, Mexico, Nigeria, Russia and Trinidad. Additionally, the Company is a leading provider of production management services for oil and gas production facilities in the U.S. Gulf of Mexico.”