Bombardier Inc. (OTCMKTS:BDRBF) Given Consensus Rating of “Hold” by Analysts

Bombardier Inc. (OTCMKTS:BDRBF) has been given an average rating of “Hold” by the eleven research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $263.00.

Several analysts recently commented on the company. National Bank Financial lowered Bombardier from an “outperform” rating to a “sector perform” rating in a report on Thursday, April 16th. TD Securities restated a “hold” rating on shares of Bombardier in a research report on Friday, May 1st. Desjardins restated a “buy” rating on shares of Bombardier in a research report on Friday, May 1st. BMO Capital Markets restated an “outperform” rating on shares of Bombardier in a research report on Friday, May 29th. Finally, Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Bombardier in a research report on Friday, May 1st.

Bombardier Price Performance

Shares of BDRBF opened at $213.25 on Monday. Bombardier has a one year low of $78.70 and a one year high of $253.51. The firm has a market capitalization of $21.04 billion and a P/E ratio of 32.26. The business has a fifty day moving average of $205.23 and a 200 day moving average of $188.44.

Bombardier (OTCMKTS:BDRBF) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.81 EPS for the quarter, topping the consensus estimate of $0.90 by $0.91. Bombardier had a negative return on equity of 56.13% and a net margin of 9.73%.The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.64 billion. Analysts expect that Bombardier will post 8.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Bombardier

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

Bombardier Company Profile

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.