Why Bristow Group Inc (NYSE:BRS) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $19.0000 on Bristow Group Inc (NYSE:BRS) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $-0.1800 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Bristow Group Inc (NYSE:BRS) stands at N/A. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Bristow Group Inc. Common Stock, the PEG ratio for coming 3-5 years is -5.1300. Technical Analysis The technical analysis highlights that Bristow Group Inc. Common Stock current price is trading $-3.2246 points away -22.2584% from $14.4871, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $18.4755 and, for now, the stock price is trading $-7.2130 or -39.0409% away from that point. The 52-week high of Bristow Group Inc (NYSE:BRS) was $53.6300 while lowest point recorded in 52-week was $10.8100. It implies if stock price makes a movement of over $-42.3675, it will record a new 52-week high. In the case of $+4.1859% points drop, it will touch a new 52-week low.

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