Bombardier Inc. (OTCMKTS:BDRBF) Given Average Rating of “Hold” by Brokerages

Shares of Bombardier Inc. (OTCMKTS:BDRBF) have been given a consensus rating of “Hold” by the eleven analysts that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $263.00.

Several research firms have recently weighed in on BDRBF. BMO Capital Markets reissued an “outperform” rating on shares of Bombardier in a report on Friday, May 29th. Royal Bank Of Canada reiterated 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. Desjardins reissued a “buy” rating on shares of Bombardier in a research report on Friday, May 1st. Finally, National Bank Financial restated a “sector perform” rating on shares of Bombardier in a research note on Tuesday, July 7th.

Hedge Funds Weigh In On Bombardier

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

Bombardier Stock Performance

Bombardier stock opened at $237.24 on Friday. The company has a market capitalization of $23.40 billion and a P/E ratio of 35.89. Bombardier has a fifty-two week low of $103.87 and a fifty-two week high of $253.51. The stock has a 50-day simple moving average of $220.31 and a 200-day simple moving average of $197.18.

Bombardier (OTCMKTS:BDRBF) last released its quarterly earnings results on Thursday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.91. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.64 billion. Bombardier had a negative return on equity of 56.13% and a net margin of 9.73%. As a group, analysts forecast that Bombardier will post 8.25 earnings per share for the current year.

About Bombardier

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.