Bombardier (OTCMKTS:BDRBF) Shares Gap Up – Should You Buy?

Bombardier Inc. (OTCMKTS:BDRBF)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $234.26, but opened at $253.5099. Bombardier shares last traded at $230.94, with a volume of 266 shares traded.

Analysts Set New Price Targets

BDRBF has been the subject of a number of analyst reports. Scotiabank restated an “outperform” rating on shares of Bombardier in a research note on Thursday, May 28th. BMO Capital Markets reissued an “outperform” rating on shares of Bombardier in a research report on Friday. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Bombardier in a research report on Friday, May 1st. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Bombardier in a research note on Friday, May 1st. Finally, UBS Group restated a “neutral” rating on shares of Bombardier in a research note on Friday, February 13th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $263.00.

Bombardier Price Performance

The stock’s 50-day moving average is $192.50 and its two-hundred day moving average is $181.98. The company has a market cap of $22.63 billion and a P/E ratio of 34.70.

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

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 1st quarter, according to the company in its most recent disclosure with the SEC. 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 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.