Bombardier (OTCMKTS:BDRBF) Announces Earnings Results

Bombardier (OTCMKTS:BDRBF) issued its earnings results on Thursday. The company reported $4.80 earnings per share for the quarter, topping the consensus estimate of $3.38 by $1.42, Zacks reports.

Bombardier Stock Down 2.4%

Shares of BDRBF stock traded down $4.37 during trading hours on Thursday, reaching $179.70. 8,285 shares of the company’s stock were exchanged, compared to its average volume of 20,482. Bombardier has a fifty-two week low of $50.77 and a fifty-two week high of $200.00. The business has a fifty day moving average price of $175.67 and a 200-day moving average price of $148.13.

Wall Street Analyst Weigh In

A number of research firms recently commented on BDRBF. BMO Capital Markets restated an “outperform” rating on shares of Bombardier in a report on Wednesday, January 21st. Scotiabank downgraded Bombardier from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 21st. Canadian Imperial Bank of Commerce lowered Bombardier from an “outperform” rating to a “neutral” rating in a report on Tuesday, January 20th. The Goldman Sachs Group lowered Bombardier from a “neutral” rating to a “sell” rating in a report on Monday, January 26th. Finally, Zacks Research raised Bombardier to a “hold” rating in a research report on Tuesday, December 16th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Bombardier presently has an average rating of “Hold” and an average target price of $263.00.

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.