Bristow Group (VTOL – Research Report), the Energy sector company, was revisited by a Wall Street analyst today. Analyst Josh Sullivan from Benchmark Co. maintained a Buy rating on the stock and has a $50.00 price target.
Josh Sullivan’s rating is based on the anticipation of a transformative phase for Bristow Group, driven by the expansion of their Search and Rescue (SAR) programs in the U.K. and Ireland. These programs are expected to enhance the company’s stability and revenue consistency, transitioning it from a volatile energy sector focus to a more stable government contractor role.
Furthermore, the strong demand for Bristow’s offshore vertical lift services complements this shift, positioning the company for long-term growth. The significant capital investment in new helicopters for the SAR programs is projected to improve the company’s free cash flow profile, making it more appealing to shareholders. This anticipated financial strength and strategic realignment underpin Sullivan’s confidence in rating the stock as a Buy.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of VTOL in relation to earlier this year.