Bombardier (OTCMKTS:BDRBF – Get Free Report) released its earnings results on Thursday. The company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.11, Zacks reports. Bombardier had a net margin of 9.74% and a negative return on equity of 75.69%.
Bombardier Trading Down 8.2%
Shares of Bombardier stock traded down $19.99 during midday trading on Thursday, hitting $224.51. The company had a trading volume of 30,975 shares, compared to its average volume of 27,146. Bombardier has a 1-year low of $134.35 and a 1-year high of $269.94. The business’s 50 day simple moving average is $223.21 and its two-hundred day simple moving average is $212.42.
Analyst Upgrades and Downgrades
BDRBF has been the topic of several research analyst reports. National Bank Financial raised Bombardier from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 15th. TD Securities reissued a “hold” rating on shares of Bombardier in a research report on Friday, July 31st. Royal Bank Of Canada reissued an “outperform” rating on shares of Bombardier in a research report on Friday, July 31st. BMO Capital Markets restated an “outperform” rating on shares of Bombardier in a research note on Friday, July 31st. Finally, Scotiabank restated an “outperform” rating on shares of Bombardier in a research note on Thursday, October 15th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $263.00.
View Our Latest Research Report on BDRBF
Bombardier Company Profile
Bombardier Inc is a Canadian aerospace company focused on the design, manufacture and support of business aircraft. Its portfolio includes the Challenger family of super-midsize and large-cabin jets and the Global family of long-range business jets. The company also provides aircraft maintenance, refurbishment, parts, training and other aftermarket services through its worldwide support network.
Founded in 1942 by Joseph-Armand Bombardier, the company originally developed snowmobiles before expanding into transportation and aerospace.
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