Bombardier (OTCMKTS:BDRBF) Shares Gap Up – Here’s Why

Bombardier Inc. (OTCMKTS:BDRBF) shares gapped up before the market opened on Thursday . The stock had previously closed at $171.7810, but opened at $177.00. Bombardier shares last traded at $177.76, with a volume of 1,689 shares changing hands.

Analysts Set New Price Targets

Several analysts have recently weighed in on BDRBF shares. TD Securities reiterated a “hold” rating on shares of Bombardier in a research report on Friday, February 13th. Scotiabank lowered shares of Bombardier from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 21st. The Goldman Sachs Group lowered shares of Bombardier from a “neutral” rating to a “sell” rating in a research note on Monday, January 26th. UBS Group reissued a “neutral” rating on shares of Bombardier in a research report on Friday, February 13th. Finally, Zacks Research raised shares of Bombardier to a “hold” rating in a research report on Tuesday, December 16th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $263.00.

Bombardier Stock Performance

The stock has a 50 day moving average of $186.11 and a 200-day moving average of $162.62. The company has a market cap of $17.27 billion and a PE ratio of 36.34.

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

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.