Bombardier Inc. (OTCMKTS:BDRBF) Receives $263.00 Consensus PT from Analysts

Shares of Bombardier Inc. (OTCMKTS:BDRBF) have been assigned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $263.00.

BDRBF has been the subject of several recent analyst reports. Royal Bank Of Canada restated an “outperform” rating on shares of Bombardier in a research note on Friday, May 1st. Desjardins restated a “buy” rating on shares of Bombardier in a research note on Friday, May 1st. National Bank Financial downgraded shares of Bombardier from an “outperform” rating to a “sector perform” rating in a research note on Thursday, April 16th. TD Securities restated a “hold” rating on shares of Bombardier in a research note on Friday, May 1st. Finally, UBS Group reissued a “neutral” rating on shares of Bombardier in a research report on Friday, February 13th.

Institutional Investors Weigh In On Bombardier

An institutional investor recently bought a new position in Bombardier stock. Sageworth Trust Co purchased a new position in shares of Bombardier Inc. (OTCMKTS:BDRBF) during the first quarter, according to its most recent Form 13F filing 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 Trading Down 0.7%

Shares of OTCMKTS BDRBF opened at $232.69 on Thursday. The stock has a market capitalization of $22.95 billion and a PE ratio of 35.20. The stock’s fifty day simple moving average is $195.00 and its two-hundred day simple moving average is $183.15. Bombardier has a 12-month low of $69.01 and a 12-month high of $253.51.

Bombardier (OTCMKTS:BDRBF) last announced its earnings results on Thursday, April 30th. The company reported $1.81 earnings per share (EPS) 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 analysts’ expectations of $1.64 billion. Bombardier had a negative return on equity of 56.13% and a net margin of 9.73%. On average, equities analysts predict that Bombardier will post 8.25 earnings per share for the current fiscal year.

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.