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

Bombardier Inc. (OTCMKTS:BDRBF) has been assigned a consensus recommendation of “Hold” from the eleven research firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $263.00.

BDRBF has been the topic of a number of analyst reports. National Bank Financial reaffirmed a “sector perform” rating on shares of Bombardier in a research note on Tuesday, July 7th. BMO Capital Markets restated an “outperform” rating on shares of Bombardier in a research report on Friday, May 29th. Desjardins restated a “buy” rating on shares of Bombardier in a research note on Friday, May 1st. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Bombardier in a report on Friday, May 1st. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Bombardier in a research report on Friday, May 1st.

Bombardier Price Performance

BDRBF stock opened at $250.82 on Friday. The company has a market capitalization of $24.74 billion and a P/E ratio of 37.95. Bombardier has a 12 month low of $103.87 and a 12 month high of $253.51. The firm’s fifty day simple moving average is $222.74 and its 200-day simple moving average is $198.74.

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

Institutional Investors Weigh In On Bombardier

An institutional investor recently bought a new position in Bombardier stock. Sageworth Trust Co acquired a new stake in shares of Bombardier Inc. (OTCMKTS:BDRBF) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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.