Bombardier (OTCMKTS:BDRBF – Get Free Report) is projected to release its results before the market opens on Thursday, November 5th. Analysts expect Bombardier to announce earnings of $1.61 per share and revenue of $2.38 billion for the quarter.
Bombardier Trading Up 4.5%
Shares of BDRBF stock opened at $242.65 on Wednesday. The firm has a fifty day moving average price of $223.08 and a 200 day moving average price of $212.02. Bombardier has a 12 month low of $134.35 and a 12 month high of $269.94.
Analysts Set New Price Targets
A number of brokerages have issued reports on BDRBF. National Bank Financial raised Bombardier from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 15th. Zacks Research raised Bombardier from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. BMO Capital Markets reiterated an “outperform” rating on shares of Bombardier in a report on Friday, July 31st. TD Securities reiterated a “hold” rating on shares of Bombardier in a report on Friday, July 31st. Finally, Scotiabank reissued an “outperform” rating on shares of Bombardier in a research report on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Bombardier has a consensus rating of “Moderate Buy” and an average price target of $263.00.
Read Our Latest Stock Report on BDRBF
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.
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