Bombardier (OTCMKTS:BDRBF) Shares Gap Up – Time to Buy?

Shares of Bombardier Inc. (OTCMKTS:BDRBF) gapped up prior to trading on Tuesday . The stock had previously closed at $177.00, but opened at $189.33. Bombardier shares last traded at $174.74, with a volume of 598 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Canadian Imperial Bank of Commerce lowered Bombardier from an “outperform” rating to a “neutral” rating in a research report on Tuesday, January 20th. Scotiabank lowered Bombardier from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 21st. TD Securities reissued a “hold” rating on shares of Bombardier in a research report on Friday, February 13th. Zacks Research raised Bombardier to a “hold” rating in a research report on Tuesday, December 16th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Bombardier in a research report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Bombardier has a consensus rating of “Hold” and an average target price of $263.00.

Bombardier Stock Performance

The firm has a market cap of $17.30 billion and a price-to-earnings ratio of 36.40. The firm has a 50-day moving average price of $183.52 and a two-hundred day moving average price of $166.15.

Bombardier (OTCMKTS:BDRBF) last issued its earnings results on Thursday, February 12th. The company reported $4.80 earnings per share for the quarter, topping the consensus estimate of $3.38 by $1.42. The business had revenue of $3.69 billion for the quarter, compared to analyst estimates 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.