Analysts at Lake Street Capital assumed coverage on shares of Bridger Aerospace Group (NASDAQ:BAER – Get Free Report) in a research report issued on Wednesday, Marketbeat.com reports. The firm set a “buy” rating and a $4.50 price target on the stock. Lake Street Capital’s target price points to a potential upside of 169.46% from the company’s previous close.
A number of other brokerages also recently commented on BAER. Canaccord Genuity Group set a $4.50 target price on Bridger Aerospace Group in a report on Friday, May 8th. Stifel Nicolaus began coverage on shares of Bridger Aerospace Group in a research report on Tuesday, March 31st. They set a “buy” rating and a $3.35 price objective on the stock. Zacks Research upgraded shares of Bridger Aerospace Group to a “hold” rating in a report on Wednesday, April 1st. Weiss Ratings cut shares of Bridger Aerospace Group from a “sell (d)” rating to a “sell (e+)” rating in a research report on Friday. Finally, Wall Street Zen lowered shares of Bridger Aerospace Group from a “sell” rating to a “strong sell” rating in a research note on Saturday. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $4.12.
Read Our Latest Research Report on BAER
Bridger Aerospace Group Trading Down 1.2%
Bridger Aerospace Group (NASDAQ:BAER – Get Free Report) last announced its quarterly earnings results on Friday, May 8th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.32). Bridger Aerospace Group had a negative net margin of 10.05% and a negative return on equity of 1.21%. The business had revenue of $8.51 million for the quarter, compared to analysts’ expectations of $17.23 million. Research analysts forecast that Bridger Aerospace Group will post -0.49 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Bridger Aerospace Group
Hedge funds have recently bought and sold shares of the business. XTX Topco Ltd purchased a new stake in Bridger Aerospace Group in the second quarter worth about $26,000. HB Wealth Management LLC purchased a new position in shares of Bridger Aerospace Group during the first quarter valued at approximately $26,000. Janney Montgomery Scott LLC purchased a new position in shares of Bridger Aerospace Group during the first quarter valued at approximately $30,000. Stifel Financial Corp boosted its position in shares of Bridger Aerospace Group by 23.6% in the 4th quarter. Stifel Financial Corp now owns 21,860 shares of the company’s stock worth $40,000 after purchasing an additional 4,180 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Bridger Aerospace Group in the 1st quarter worth approximately $41,000. Institutional investors own 48.94% of the company’s stock.
Bridger Aerospace Group Company Profile
Bridger Aerospace Group, Inc operates as an aerial services company specializing in wildfire management and aviation support. The company’s core business activities include aerial wildfire suppression, providing rapid-response water and fire-retardant drops from fixed-wing air tankers. In addition to firefighting, Bridger Aerospace offers aviation services such as cloud seeding for weather modification, aerial inspection and mapping, environmental monitoring, and logistics support for remote sites.
Founded in 2014 and headquartered in Heber City, Utah, Bridger Aerospace Group deploys a fleet of both fixed-wing and rotary-wing aircraft under contract to federal, state and local government agencies as well as commercial customers.
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