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Stocks Buzz: Bristow Group, Inc. (BRS) Liberty Property Trust (LPT) CDK Global, Inc. (CDK)

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Bristow Group, Inc. (BRS) failed to extend gains with the stock declining -2.51% or $-0.29 to close the day at $11.27 on light trading volume of 0.83M shares, compared to its three month average trading volume of 1.11M. The Houston Texas 77042 based company has been underperforming the oil & gas equipment & services group over the past 52 weeks, with the stock losing -62.73%, compared to the industry which has dropped -2.07% over the same period. With RSI of 46.48, the stock should still continue to rise and get closer to its one year target estimate of $16.5, making it a hold for now.

Bristow Group Inc. provides industrial aviation services to the offshore energy industry in Africa, the Americas, the Asia Pacific, and Europe Caspian. Its helicopters are used principally to transport personnel between onshore bases and offshore production platforms, drilling rigs, and other installations, as well as to transport time-sensitive equipment to these offshore locations. The company also offers helicopter flight training services to commercial pilots and flight instructors, as well as military training services through its Bristow Academy. In addition, it provides helicopter repair and maintenance services; and search and rescue services to oil and gas companies. The company provides its helicopter services to integrated, national, and independent oil and gas companies. As of March 31, 2016, it operated a fleet of 463 aircraft. The company was formerly known as Offshore Logistics Inc. and changed its name to Bristow Group Inc. in February 2006. Bristow Group Inc. was founded in 1955 and is headquartered in Houston, Texas.

Liberty Property Trust (LPT) retreated with the stock falling -4.27% or $-1.78 to close at $39.87 on light trading volume of 0.83M compared its three months average trading volume of 917.92K. The Malvern Pennsylvania 19355 based company operating under the REIT – Office industry has been trending up for the last 52 weeks, with the shares price now 38.97% up for the period and up by 31.94% so far this year. With price target of $39 and a 52.07% rebound from 52-week low, Liberty Property Trust has plenty of upside potential, making it a hold with a view buy.

Liberty Property Trust is a publicly owned real estate investment holding trust. Through its subsidiary, it provides leasing, property management, development, acquisition, and other tenant-related services for a portfolio of industrial and office properties. The firm invests in industrial properties including various warehouse, distribution, service, assembly, light manufacturing, and research and development facilities. Its office properties include multi-story and single-story office buildings located principally in suburban mixed-use developments or office parks. Liberty Property Trust was founded in 1972 and is based in Malvern, Pennsylvania.

CDK Global, Inc. (CDK) continued its downward trend with the stock declining -4.15% or $-2.44 to close the day at $56.31 on lower than average trading volume of 0.83M shares, compared to its three month average trading volume of 912.48K. The Hoffman Estates Illinois 60169 based company has been outperforming the application software companies by -1.0895% for last three months and its recent losses have trimmed gains to 19.27% YTD, versus the application software industry which is up 7.09% for the same period. The RSI of 35.53 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

CDK Global, Inc. provides integrated information technology and digital marketing solutions to the automotive retail and other industries worldwide. The company operates through Retail Solutions North America, Advertising North America, and CDK International segments. It offers technology-based solutions, including automotive Website platforms; and advertising solutions comprising the management of digital advertising spend, for original equipment manufacturers and automotive retailers. The company’s solutions automate and integrate various parts of the dealership and buying process from targeted digital advertising and marketing campaigns to the sale, financing, insuring, parts supply, repair, and maintenance of vehicles. It provides solutions to dealers serving approximately 27,000 retail locations and automotive manufacturers. CDK Global, Inc. is headquartered in Hoffman Estates, Illinois.

 

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