Duncan Williams Starts Bristow Group (BRS) at Buy; Long, Sustained History
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Price: $67.23 -0.97%
Rating Summary:
5 Buy, 0 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
5 Buy, 0 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade BRS Now!
Duncan Williams initiates coverage on Bristow Group (NYSE: BRS) with a Buy. PT $55.
Duncan analyst says, "Bristow is presently undergoing a long term investment program to upgrade its fleet and since 2005, the company has added over 150 aircraft for $1.4 billion to its fleet. Fleet age was reduced from 19 years to 12 years. Presently, the company has orders for 9 aircraft, and 34 options. Bristow receives approximately 65 percent of revenues from fixed priced contracts and 70 percent of operating income from fixed price contracts. Bristow Group provides an integral service to the offshore oil and gas industry. The company receives almost 85 percent of its revenue from international locations. Bristow is investing in new aircraft and increasing its ROCE. As demand for helicopter services continues to increase, the company is replacing its smaller older aircraft with larger, newer aircraft. The company's global presence allows it to shift aircraft to areas where demand and returns are the highest."
For more ratings news on Bristow Group click here and for the rating history of Bristow Group click here.
Shares of Bristow Group closed at $47.44 yesterday, with a 52 week range of $28.32-$52.39.
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Duncan analyst says, "Bristow is presently undergoing a long term investment program to upgrade its fleet and since 2005, the company has added over 150 aircraft for $1.4 billion to its fleet. Fleet age was reduced from 19 years to 12 years. Presently, the company has orders for 9 aircraft, and 34 options. Bristow receives approximately 65 percent of revenues from fixed priced contracts and 70 percent of operating income from fixed price contracts. Bristow Group provides an integral service to the offshore oil and gas industry. The company receives almost 85 percent of its revenue from international locations. Bristow is investing in new aircraft and increasing its ROCE. As demand for helicopter services continues to increase, the company is replacing its smaller older aircraft with larger, newer aircraft. The company's global presence allows it to shift aircraft to areas where demand and returns are the highest."
For more ratings news on Bristow Group click here and for the rating history of Bristow Group click here.
Shares of Bristow Group closed at $47.44 yesterday, with a 52 week range of $28.32-$52.39.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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