Bombardier Inc. (OTCMKTS:BDRBF) Stock Has Average Price Target of $263.00 According to Analysts

Shares of Bombardier Inc. (OTCMKTS:BDRBF) have been assigned an average rating of “Hold” from the ten research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $263.00.

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of Bombardier in a research report on Friday, July 31st. TD Securities restated a “hold” rating on shares of Bombardier in a research note on Friday, July 31st. National Bank Financial reaffirmed a “sector perform” rating on shares of Bombardier in a report on Tuesday, July 7th. Scotiabank reissued an “outperform” rating on shares of Bombardier in a research note on Thursday, July 16th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Bombardier in a report on Friday, July 31st.

Bombardier Stock Performance

Shares of OTCMKTS BDRBF opened at $216.90 on Wednesday. The stock has a 50 day moving average of $233.54 and a two-hundred day moving average of $217.15. Bombardier has a twelve month low of $125.00 and a twelve month high of $269.94. The stock has a market cap of $21.51 billion and a P/E ratio of 23.81.

Bombardier (OTCMKTS:BDRBF) last released its quarterly earnings results on Thursday, July 30th. The company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $1.18. Bombardier had a negative return on equity of 75.69% and a net margin of 9.74%.The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.12 billion. As a group, research analysts predict that Bombardier will post 10.15 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Bombardier stock. Sageworth Trust Co purchased a new stake in Bombardier Inc. (OTCMKTS:BDRBF) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,327 shares of the company’s stock, valued at approximately $234,000.

Bombardier Company Profile

Bombardier Inc is a Canadian aerospace company headquartered in Montreal, Quebec, that designs, manufactures and services business aircraft. Its portfolio includes the Challenger family of super-midsize jets and the Global family of large-cabin business jets, which are used by corporations, governments and private operators worldwide. The company also provides aircraft completions, modifications and specialized aviation solutions.

Bombardier supports its aircraft through a global aftermarket network offering maintenance, repair and overhaul services, replacement parts, technical support and training.