Bombardier Inc. (OTCMKTS:BDRBF) Stock Has Average Price Target of $263.00

Shares of Bombardier Inc. (OTCMKTS:BDRBF) have earned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $263.00.

BDRBF has been the topic of several recent research reports. TD Securities reissued a “hold” rating on shares of Bombardier in a report on Friday, July 31st. Royal Bank Of Canada restated an “outperform” rating on shares of Bombardier in a research note on Friday, July 31st. National Bank Financial reaffirmed a “sector perform” rating on shares of Bombardier in a research report on Tuesday, July 7th. BMO Capital Markets reiterated an “outperform” rating on shares of Bombardier in a research note on Friday, July 31st. Finally, Scotiabank reissued an “outperform” rating on shares of Bombardier in a report on Thursday, July 16th.

Institutional Trading of Bombardier

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

Bombardier Stock Down 1.1%

Shares of OTCMKTS:BDRBF opened at $216.90 on Wednesday. The company has a market cap of $21.51 billion and a PE ratio of 23.81. Bombardier has a fifty-two week low of $125.00 and a fifty-two week high of $269.94. The firm has a 50-day simple moving average of $233.54 and a 200 day simple moving average of $216.90.

Bombardier (OTCMKTS:BDRBF) last issued its earnings results on Thursday, July 30th. The company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $1.18. The firm had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Bombardier had a net margin of 9.74% and a negative return on equity of 75.69%. As a group, research analysts forecast that Bombardier will post 10.15 EPS for the current fiscal year.

Bombardier Company Profile

Bombardier Inc is a Canadian aerospace company headquartered in Montreal, Quebec, that designs, manufactures and services business aircraft. Its portfolio includes the Challenger family of super-midsize jets and the Global family of large-cabin business jets, which are used by corporations, governments and private operators worldwide. The company also provides aircraft completions, modifications and specialized aviation solutions.

Bombardier supports its aircraft through a global aftermarket network offering maintenance, repair and overhaul services, replacement parts, technical support and training.