Wall Street Zen Upgrades Bristow Group (NYSE:VTOL) to Buy

Key Points

• Bristow Group has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, indicating increased confidence in the company's stock performance.
• As of the latest report, Bristow Group has a market capitalization of $1.10 billion and a P/E ratio of 9.51, suggesting it may be undervalued compared to earnings.
• Insider selling has occurred recently, with Director Wesley E. Kern and CFO Jennifer Dawn Whalen reducing their stakes, indicating potential caution at the executive level.

Bristow Group (NYSE:VTOL - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Sunday.

Separately, Weiss Ratings reissued a "buy (b-)" rating on shares of Bristow Group in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy".

Bristow Group Stock Performance

VTOL stock opened at $38.12 on Friday. The company has a market capitalization of $1.10 billion, a P/E ratio of 9.51 and a beta of 1.33. The company has a 50-day simple moving average of $37.59 and a 200 day simple moving average of $33.73. Bristow Group has a fifty-two week low of $25.11 and a fifty-two week high of $39.32. The company has a quick ratio of 1.44, a current ratio of 1.81 and a debt-to-equity ratio of 0.69.

Bristow Group (NYSE:VTOL - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.31. The business had revenue of $376.43 million during 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

In related news, Director Wesley E. Kern sold 2,531 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $37.72, for a total value of $95,469.32. Following the transaction, the director owned 35,079 shares in the company, valued at approximately $1,323,179.88. This represents a 6.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Jennifer Dawn Whalen sold 5,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $37.55, for a total value of $187,750.00. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders have sold 34,581 shares of company stock worth $1,291,103 over the last ninety days. 13.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Bristow Group

A number of hedge funds have recently added to or reduced their stakes in VTOL. Federated Hermes Inc. boosted its position in Bristow Group by 74.7% during the first quarter. Federated Hermes Inc. now owns 912 shares of the company's stock worth $29,000 after purchasing an additional 390 shares during the period. Ameritas Investment Partners Inc. boosted its position in Bristow Group by 23.7% during the second quarter. Ameritas Investment Partners Inc. now owns 2,905 shares of the company's stock worth $96,000 after purchasing an additional 557 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Bristow Group by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,592 shares of the company's stock worth $461,000 after purchasing an additional 609 shares during the period. Harbor Capital Advisors Inc. boosted its position in Bristow Group by 11.7% during the second quarter. Harbor Capital Advisors Inc. now owns 6,380 shares of the company's stock worth $210,000 after purchasing an additional 668 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Bristow Group during the second quarter worth approximately $25,000. Institutional investors and hedge funds own 93.29% of the company's stock.

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.

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