Bombardier Inc. (OTCMKTS:BDRBF) Given Average Recommendation of “Hold” by Analysts

Shares of Bombardier Inc. (OTCMKTS:BDRBF) have been assigned a consensus rating of “Hold” from the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $263.00.

A number of research firms have issued reports on BDRBF. TD Securities restated a “hold” rating on shares of Bombardier in a report on Friday, July 31st. BMO Capital Markets reiterated an “outperform” rating on shares of Bombardier in a research note on Friday, July 31st. Scotiabank reiterated an “outperform” rating on shares of Bombardier in a research report on Thursday, July 16th. National Bank Financial reissued a “sector perform” rating on shares of Bombardier in a research note on Tuesday, July 7th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Bombardier in a report on Friday, July 31st.

Institutional Trading of Bombardier

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

Bombardier Trading Up 3.4%

Shares of BDRBF opened at $228.00 on Friday. The firm’s fifty day simple moving average is $240.54 and its two-hundred day simple moving average is $212.81. Bombardier has a 12 month low of $103.87 and a 12 month high of $269.94. The stock has a market capitalization of $22.49 billion and a P/E ratio of 25.03.

Bombardier (OTCMKTS:BDRBF) last released its earnings results on Thursday, July 30th. The company reported $2.50 EPS for the quarter, topping the consensus estimate of $1.32 by $1.18. The business 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%. As a group, research analysts predict that Bombardier will post 10.15 EPS for the current fiscal 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.