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

Shares of Bombardier Inc. (OTCMKTS:BDRBF) have earned an average recommendation of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $263.00.

A number of research firms have commented on BDRBF. TD Securities reiterated a “hold” rating on shares of Bombardier in a research note on Friday, February 13th. The Goldman Sachs Group downgraded shares of Bombardier from a “neutral” rating to a “sell” rating in a report on Monday, January 26th. Scotiabank cut shares of Bombardier from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 21st. National Bank Financial reissued an “outperform” rating and set a $263.00 target price on shares of Bombardier in a research report on Tuesday, December 2nd. Finally, Zacks Research upgraded shares of Bombardier to a “hold” rating in a research note on Tuesday, December 16th.

Bombardier Stock Up 1.4%

OTCMKTS BDRBF opened at $202.25 on Tuesday. The firm’s fifty day simple moving average is $179.50 and its two-hundred day simple moving average is $151.66. Bombardier has a 12-month low of $50.77 and a 12-month high of $205.65.

Bombardier (OTCMKTS:BDRBF) last issued its quarterly earnings data on Thursday, February 12th. The company reported $4.80 EPS for the quarter, beating the consensus estimate of $3.38 by $1.42. The business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.48 billion.

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.