Brokerages Set Bombardier Inc. (OTCMKTS:BDRBF) PT at $263.00

Shares of Bombardier Inc. (OTCMKTS:BDRBF) have received an average recommendation of “Hold” from the eleven ratings firms that are covering the firm, MarketBeat.com reports. Two investment 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 target price among brokerages that have issued a report on the stock in the last year is $263.00.

A number of research firms recently commented on BDRBF. UBS Group reaffirmed a “neutral” rating on shares of Bombardier in a report on Friday, February 13th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Bombardier in a report on Friday. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Bombardier in a report on Friday, May 1st. Desjardins reaffirmed a “buy” rating on shares of Bombardier in a report on Friday, May 1st. Finally, TD Securities reaffirmed a “hold” rating on shares of Bombardier in a report on Friday, May 1st.

Hedge Funds Weigh In On Bombardier

A hedge fund recently bought a new stake in Bombardier stock. Sageworth Trust Co purchased a new position in shares of Bombardier Inc. (OTCMKTS:BDRBF) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,327 shares of the company’s stock, valued at approximately $234,000.

Bombardier Stock Performance

OTCMKTS BDRBF opened at $234.96 on Thursday. The firm has a market cap of $23.18 billion and a PE ratio of 35.55. Bombardier has a one year low of $67.59 and a one year high of $235.58. The firm’s fifty day moving average is $192.50 and its two-hundred day moving average is $181.98.

Bombardier (OTCMKTS:BDRBF) last issued its earnings results on Thursday, April 30th. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.91. The business 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%. Research analysts predict that Bombardier will post 8.25 earnings per share for the current year.

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.