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

Bombardier Inc. (OTCMKTS:BDRBF) has been given a consensus recommendation of “Hold” by the ten ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $263.00.

A number of equities analysts have recently weighed in on BDRBF shares. Scotiabank reiterated an “outperform” rating on shares of Bombardier in a report on Thursday, July 16th. BMO Capital Markets reissued an “outperform” rating on shares of Bombardier in a research report on Friday, July 31st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Bombardier in a report on Friday, July 31st. TD Securities reissued a “hold” rating on shares of Bombardier in a research report on Friday, July 31st. Finally, National Bank Financial reaffirmed a “sector perform” rating on shares of Bombardier in a research report on Tuesday, July 7th.

Bombardier Stock Up 0.6%

OTCMKTS:BDRBF opened at $246.47 on Tuesday. The stock has a fifty day simple moving average of $235.08 and a 200 day simple moving average of $205.72. The firm has a market capitalization of $24.31 billion and a price-to-earnings ratio of 27.05. Bombardier has a 1-year low of $103.87 and a 1-year 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $1.18. The business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.12 billion. Bombardier had a net margin of 9.74% and a negative return on equity of 65.10%. Equities analysts predict that Bombardier will post 8.25 earnings per share for the current year.

Institutional Inflows and Outflows

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

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.