Bombardier Inc. (OTCMKTS:BDRBF) Receives Average Recommendation of “Hold” from Analysts

Bombardier Inc. (OTCMKTS:BDRBF) has earned a consensus rating of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $263.00.

Several research analysts have weighed in on BDRBF shares. Scotiabank upgraded Bombardier from a “sector perform” rating to an “outperform” rating in a research note on Friday, May 1st. The Goldman Sachs Group downgraded Bombardier from a “neutral” rating to a “sell” rating in a research note on Monday, January 26th. UBS Group reiterated a “neutral” rating on shares of Bombardier in a research note on Friday, February 13th. BMO Capital Markets reiterated an “outperform” rating on shares of Bombardier in a research note on Friday, May 1st. Finally, TD Securities reiterated a “hold” rating on shares of Bombardier in a research note on Friday, May 1st.

Institutional Trading of Bombardier

An institutional investor recently bought a new position in Bombardier stock. Sageworth Trust Co purchased a new stake in Bombardier Inc. (OTCMKTS:BDRBF) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,327 shares of the company’s stock, valued at approximately $234,000.

Bombardier Price Performance

BDRBF stock opened at $211.97 on Friday. The firm has a market capitalization of $20.98 billion and a P/E ratio of 32.07. The business’s 50-day moving average is $186.15 and its two-hundred day moving average is $173.98. Bombardier has a 1 year low of $63.26 and a 1 year high of $219.38.

Bombardier (OTCMKTS:BDRBF) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.91. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.64 billion. Bombardier had a negative return on equity of 56.13% and a net margin of 9.73%. On average, analysts expect that Bombardier will post 8.25 EPS for the current year.

Bombardier Company Profile

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.