Bombardier Inc. (OTCMKTS:BDRBF) Receives Average Recommendation of “Hold” from Analysts

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

A number of research firms have recently issued reports on BDRBF. The Goldman Sachs Group cut shares of Bombardier from a “neutral” rating to a “sell” rating in a research report on Monday, January 26th. UBS Group reaffirmed a “neutral” rating on shares of Bombardier in a research report on Friday, February 13th. Zacks Research upgraded Bombardier to a “hold” rating in a report on Tuesday, December 16th. TD Securities reissued a “hold” rating on shares of Bombardier in a research note on Friday, February 13th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Bombardier in a report on Wednesday, January 21st.

Bombardier Stock Down 3.0%

Shares of BDRBF stock opened at $179.50 on Friday. The firm has a 50 day moving average of $186.46 and a 200-day moving average of $160.53. The company has a market cap of $17.80 billion and a price-to-earnings ratio of 37.40. Bombardier has a 52 week low of $50.77 and a 52 week high of $206.36.

Bombardier (OTCMKTS:BDRBF) last released its earnings results on Thursday, February 12th. The company reported $4.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.38 by $1.42. The company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.48 billion. Bombardier had a net margin of 9.72% and a negative return on equity of 43.88%.

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.