Bombardier (OTCMKTS:BDRBF) Stock Bumped Down to “Hold” by Zacks Research

Bombardier (OTCMKTS:BDRBF) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks reports.

Several other research analysts have also commented on BDRBF. TD Securities restated a “hold” rating on shares of Bombardier in a report on Friday, July 31st. Scotiabank reiterated an “outperform” rating on shares of Bombardier in a report on Thursday, October 15th. BMO Capital Markets reiterated an “outperform” rating on shares of Bombardier in a report on Friday, July 31st. National Bank Financial raised Bombardier from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 15th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Bombardier in a report on Friday, July 31st. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $263.00.

Bombardier Trading Up 0.5%

Shares of BDRBF opened at $243.86 on Tuesday. The stock has a 50-day moving average price of $223.40 and a 200-day moving average price of $212.28. The company has a market cap of $24.18 billion and a PE ratio of 26.77. Bombardier has a 12-month low of $134.35 and a 12-month high of $269.94.

Institutional Investors Weigh In On Bombardier

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

Bombardier Company Profile

Bombardier Inc is a Canadian aerospace company focused on the design, manufacture and support of business aircraft. Its portfolio includes the Challenger family of super-midsize and large-cabin jets and the Global family of long-range business jets. The company also provides aircraft maintenance, refurbishment, parts, training and other aftermarket services through its worldwide support network.

Founded in 1942 by Joseph-Armand Bombardier, the company originally developed snowmobiles before expanding into transportation and aerospace.