Bombardier (OTCMKTS:BDRBF) Shares Gap Up – Still a Buy?

Bombardier Inc. (OTCMKTS:BDRBF) shares gapped up prior to trading on Tuesday. The stock had previously closed at $222.85, but opened at $239.2150. Bombardier shares last traded at $235.6750, with a volume of 124 shares trading hands.

Analyst Upgrades and Downgrades

BDRBF has been the subject of a number of analyst reports. Zacks Research lowered shares of Bombardier from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 3rd. BMO Capital Markets reiterated an “outperform” rating on shares of Bombardier in a report on Friday, July 31st. Royal Bank Of Canada reissued an “outperform” rating on shares of Bombardier in a research note on Friday, July 31st. Scotiabank reissued an “outperform” rating on shares of Bombardier in a research note on Thursday, October 15th. Finally, National Bank Financial raised shares of Bombardier from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 15th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $263.00.

Bombardier Price Performance

The company has a market capitalization of $23.49 billion and a P/E ratio of 25.10. The company’s 50-day moving average price is $223.13 and its two-hundred day moving average price is $212.79.

Bombardier (OTCMKTS:BDRBF) last issued its quarterly earnings data on Thursday, November 5th. The company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.11. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.38 billion. Bombardier had a net margin of 9.74% and a negative return on equity of 75.69%. On average, analysts anticipate that Bombardier Inc. will post 10.15 earnings per share for the current fiscal year.

Bombardier Company Profile

Bombardier Inc is a Canadian aerospace company focused on the design, manufacture and support of business aircraft. Its aircraft include the Challenger and Global families, which serve corporate, government and private customers around the world.

The company also provides services throughout an aircraft’s life cycle, including maintenance, repairs, modifications, parts, training and customer support. Bombardier operates a global network of service centres and support facilities to serve its international customer base.

Founded in 1942 by Joseph-Armand Bombardier, the company initially became known for snowmobiles and later expanded into rail transportation and aerospace.