Bombardier (OTCMKTS:BDRBF) Stock Lifted to Strong-Buy by Zacks Research

Zacks Research upgraded shares of Bombardier (OTCMKTS:BDRBF) from a hold rating to a strong-buy rating in a research report sent to investors on Monday morning,Zacks reports.

A number of other analysts have also recently commented on the stock. BMO Capital Markets restated an “outperform” rating on shares of Bombardier in a report on Friday, July 31st. Royal Bank Of Canada reiterated an “outperform” rating on shares of Bombardier in a research note on Friday, July 31st. Scotiabank reissued 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 report on Tuesday, July 7th. Finally, TD Securities reissued a “hold” rating on shares of Bombardier in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $263.00.

Bombardier Stock Up 0.2%

BDRBF opened at $214.37 on Monday. The stock has a market cap of $21.26 billion and a PE ratio of 23.53. The business has a 50 day moving average of $231.56 and a 200-day moving average of $217.60. Bombardier has a 52 week low of $125.00 and a 52 week high of $269.94.

Bombardier (OTCMKTS:BDRBF) last released its quarterly earnings results on Thursday, July 30th. The company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $1.32 by $1.18. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.12 billion. Bombardier had a negative return on equity of 75.69% and a net margin of 9.74%. Equities analysts anticipate that Bombardier will post 10.15 EPS for the current year.

Institutional Investors Weigh In On Bombardier

An institutional investor recently bought a new position in Bombardier stock. Sageworth Trust Co purchased a new stake in shares of Bombardier Inc. (OTCMKTS:BDRBF) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,327 shares of the company’s stock, valued at approximately $234,000.

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.