Bombardier (OTCMKTS:BDRBF) Shares Gap Up – Here’s What Happened

Bombardier Inc. (OTCMKTS:BDRBF)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $176.1350, but opened at $185.00. Bombardier shares last traded at $180.76, with a volume of 943 shares traded.

Wall Street Analyst Weigh In

BDRBF has been the topic of several research reports. National Bank Financial reaffirmed an “outperform” rating and set a $263.00 price objective on shares of Bombardier in a report on Tuesday, December 2nd. Canadian Imperial Bank of Commerce cut Bombardier from an “outperform” rating to a “neutral” rating in a research report on Tuesday, January 20th. UBS Group restated a “neutral” rating on shares of Bombardier in a research note on Friday, February 13th. Zacks Research raised Bombardier to a “hold” rating in a research report on Tuesday, December 16th. Finally, The Goldman Sachs Group cut Bombardier from a “neutral” rating to a “sell” rating in a research note on Monday, January 26th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Bombardier presently has a consensus rating of “Hold” and an average target price of $263.00.

Bombardier Stock Up 4.2%

The firm has a market capitalization of $18.20 billion and a PE ratio of 38.23. The business’s fifty day moving average price is $185.31 and its 200 day moving average price is $157.74.

Bombardier (OTCMKTS:BDRBF) last released its quarterly earnings results on Thursday, February 12th. The company reported $4.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.38 by $1.42. The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.48 billion. Bombardier had a negative return on equity of 43.88% and a net margin of 9.72%.

About Bombardier

Bombardier Inc is a Canadian multinational manufacturer specializing in business aircraft. Founded in 1942 by Joseph-Armand Bombardier and headquartered in Montréal, Québec, the company has evolved from its origins in snow vehicles to a focused aviation enterprise. Today, Bombardier designs, manufactures and markets a range of business jets under the Learjet, Challenger and Global series, serving corporate, government and private customers worldwide.

The company’s product portfolio includes light, mid-size and large-cabin jets, complemented by completion, refurbishment and aftermarket support services.