Era Group (NYSE:ERA) Rating Reiterated by Evercore ISI

Evercore ISI reaffirmed their buy rating on shares of Era Group (NYSE:ERA) in a research report released on Monday, AnalystRatings.com reports. The brokerage currently has a $12.00 price target on the transportation company’s stock.

Several other equities research analysts also recently issued reports on ERA. ValuEngine raised shares of Era Group from a hold rating to a buy rating in a research report on Saturday, October 5th. TheStreet downgraded shares of Era Group from a c rating to a d+ rating in a research report on Wednesday, November 6th.

Shares of ERA stock traded up $0.06 during trading hours on Monday, hitting $9.77. 84,854 shares of the company were exchanged, compared to its average volume of 102,522. The business has a 50 day moving average of $10.10 and a two-hundred day moving average of $9.28. The company has a quick ratio of 4.71, a current ratio of 5.32 and a debt-to-equity ratio of 0.37. Era Group has a 52 week low of $6.95 and a 52 week high of $12.43.

Era Group (NYSE:ERA) last issued its quarterly earnings data on Wednesday, November 6th. The transportation company reported ($0.09) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.09). Era Group had a negative net margin of 4.00% and a negative return on equity of 1.90%. The company had revenue of $58.91 million during the quarter.

A number of institutional investors and hedge funds have recently made changes to their positions in ERA. First Quadrant L P CA boosted its holdings in Era Group by 29.6% during the second quarter. First Quadrant L P CA now owns 32,000 shares of the transportation company’s stock worth $267,000 after purchasing an additional 7,300 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in Era Group by 22.1% during the second quarter. Municipal Employees Retirement System of Michigan now owns 54,360 shares of the transportation company’s stock worth $454,000 after purchasing an additional 9,850 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in Era Group by 141.6% during the second quarter. Acadian Asset Management LLC now owns 67,012 shares of the transportation company’s stock worth $558,000 after purchasing an additional 39,277 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in Era Group during the second quarter worth $354,000. Finally, Bank of Montreal Can boosted its holdings in Era Group by 8.6% during the second quarter. Bank of Montreal Can now owns 285,707 shares of the transportation company’s stock worth $2,383,000 after purchasing an additional 22,727 shares during the last quarter. Institutional investors and hedge funds own 88.38% of the company’s stock.

About Era Group

Era Group Inc provides helicopter transportation services primarily to the oil and gas exploration, development, and production companies. Its helicopter services include emergency response search and rescue; and other services, as well as utility services to support firefighting, mining, power line, and pipeline survey activities.

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