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

Shares of Bombardier Inc. (OTCMKTS:BDRBF) have been given an average recommendation of “Hold” by the eleven analysts that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $263.00.

A number of brokerages have issued reports on BDRBF. National Bank Financial downgraded Bombardier from an “outperform” rating to a “sector perform” rating in a research report on Thursday, April 16th. Desjardins reaffirmed a “buy” rating on shares of Bombardier in a research note on Friday, May 1st. Scotiabank reaffirmed an “outperform” rating on shares of Bombardier in a research note on Thursday, May 28th. TD Securities reaffirmed a “hold” rating on shares of Bombardier in a research note on Friday, May 1st. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Bombardier in a research note on Friday, May 29th.

Institutional Inflows and Outflows

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

Bombardier Price Performance

Shares of BDRBF stock opened at $213.25 on Monday. Bombardier has a 1 year low of $78.70 and a 1 year high of $253.51. The stock’s 50 day simple moving average is $205.23 and its two-hundred day simple moving average is $188.44. The company has a market cap of $21.04 billion and a PE ratio of 32.26.

Bombardier (OTCMKTS:BDRBF) last issued its quarterly earnings data 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. Bombardier had a negative return on equity of 56.13% and a net margin of 9.73%.The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.64 billion. Equities research 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.