Josh Sullivan, an analyst from Benchmark Co., maintained the Buy rating on Bristow Group (VTOL – Research Report). The associated price target remains the same with $50.00.
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Josh Sullivan has given his Buy rating due to a combination of factors that highlight Bristow Group’s strong financial performance and strategic positioning. The company reported adjusted EBITDA that surpassed market expectations, demonstrating robust operational efficiency. Furthermore, Bristow Group has a substantial backlog of $4.2 billion, providing significant revenue visibility, particularly in the Government Services and Offshore Energy markets.
Additionally, the company’s strategic agreements, such as the Sikorsky maintenance deal, mitigate long-term risks and enhance operational stability. The completion of major capital expenditures this summer is expected to accelerate free cash flow generation and shareholder returns. These elements collectively underscore the underappreciated financial potential of Bristow Group, justifying the Buy rating.
According to TipRanks, Sullivan is a top 25 analyst with an average return of 29.0% and a 66.01% success rate. Sullivan covers the Industrials sector, focusing on stocks such as Kratos Defense, VSE, and FTAI Aviation.