Bombardier (OTCMKTS:BDRBF – Get Free Report) issued its earnings results on Thursday. The company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.61 by $0.11, Zacks reports. Bombardier had a net margin of 9.74% and a negative return on equity of 75.69%.
Bombardier Price Performance
Shares of BDRBF traded down $19.99 on Thursday, hitting $224.51. The company’s stock had a trading volume of 30,975 shares, compared to its average volume of 27,146. The firm’s fifty day moving average price is $223.21 and its 200-day moving average price is $212.42. Bombardier has a fifty-two week low of $134.35 and a fifty-two week high of $269.94.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on BDRBF shares. Royal Bank Of Canada reissued an “outperform” rating on shares of Bombardier in a research report on Friday, July 31st. Zacks Research lowered shares of Bombardier from a “strong-buy” rating to a “hold” rating in a report on Tuesday. National Bank Financial upgraded shares of Bombardier from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 15th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Bombardier in a research note on Friday, July 31st. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Bombardier in a research note on Thursday, October 15th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $263.00.
Check Out 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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