Bombardier Inc. (OTCMKTS:BDRBF) Receives Consensus Rating of “Hold” from Brokerages

Bombardier Inc. (OTCMKTS:BDRBF) has been given an average recommendation of “Hold” by the eleven brokerages that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $263.00.

Several analysts have commented on BDRBF shares. UBS Group reaffirmed a “neutral” rating on shares of Bombardier in a research report on Friday, February 13th. Royal Bank Of Canada reissued an “outperform” rating on shares of Bombardier in a research report on Friday. Desjardins restated a “buy” rating on shares of Bombardier in a research note on Friday. Scotiabank raised shares of Bombardier from a “sector perform” rating to an “outperform” rating in a report on Friday. Finally, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Bombardier in a research note on Friday.

Institutional Trading of 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) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,327 shares of the company’s stock, valued at approximately $234,000.

Bombardier Price Performance

Shares of Bombardier stock opened at $210.08 on Friday. The firm has a market cap of $20.80 billion and a PE ratio of 43.77. Bombardier has a 1 year low of $58.91 and a 1 year high of $218.42. The stock has a fifty day moving average price of $185.24 and a 200-day moving average price of $172.12.

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

Bombardier Company Profile

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.