Bombardier (OTCMKTS:BDRBF) Rating Lowered to “Hold” at Zacks Research

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

BDRBF has been the topic of several other research reports. Scotiabank restated 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 research report on Friday, July 31st. National Bank Financial raised shares of Bombardier from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 15th. Royal Bank Of Canada restated an “outperform” rating on shares of Bombardier in a report on Friday, July 31st. Finally, TD Securities reaffirmed a “hold” rating on shares of Bombardier in a research note on Friday, July 31st. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $263.00.

Bombardier Stock Performance

Shares of Bombardier stock opened at $243.86 on Tuesday. The stock has a market cap of $24.18 billion and a price-to-earnings ratio of 26.77. The stock has a 50 day moving average price of $223.40 and a 200-day moving average price of $212.28. Bombardier has a one year low of $134.35 and a one year high of $269.94.

Institutional Trading of Bombardier

An institutional investor recently bought a new position in Bombardier stock. Sageworth Trust Co acquired a new stake in shares of Bombardier Inc. (OTCMKTS:BDRBF) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 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.