Bombardier Inc. (OTCMKTS:BDRBF) Receives Average Rating of “Hold” from Brokerages

Shares of Bombardier Inc. (OTCMKTS:BDRBF) have been given an average recommendation of “Hold” by the ten research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $263.00.

Several equities analysts recently commented on the stock. Royal Bank Of Canada reissued an “outperform” rating on shares of Bombardier in a research note on Friday, July 31st. National Bank Financial reiterated a “sector perform” rating on shares of Bombardier in a report on Tuesday, July 7th. Scotiabank reaffirmed an “outperform” rating on shares of Bombardier in a report on Thursday, July 16th. TD Securities reiterated a “hold” rating on shares of Bombardier in a research report on Friday, July 31st. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Bombardier in a report on Friday, July 31st.

Bombardier Trading Up 3.4%

Shares of Bombardier stock opened at $228.00 on Friday. The company has a 50 day moving average of $240.54 and a 200-day moving average of $212.81. The company has a market cap of $22.49 billion and a PE ratio of 25.03. Bombardier has a 1-year low of $103.87 and a 1-year high of $269.94.

Bombardier (OTCMKTS:BDRBF) last posted its quarterly earnings results on Thursday, July 30th. The company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $1.18. The company had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Bombardier had a negative return on equity of 75.69% and a net margin of 9.74%. Research analysts forecast that Bombardier will post 10.15 earnings per share for the current year.

Institutional Inflows and Outflows

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

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.