Bombardier (OTCMKTS:BDRBF) Shares Gap Up – Here’s Why

Bombardier Inc. (OTCMKTS:BDRBF)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $187.87, but opened at $199.77. Bombardier shares last traded at $186.0580, with a volume of 1,351 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages have commented on BDRBF. National Bank Financial cut Bombardier from an “outperform” rating to a “sector perform” rating in a report on Thursday, April 16th. UBS Group reiterated a “neutral” rating on shares of Bombardier in a report on Friday, February 13th. The Goldman Sachs Group cut Bombardier from a “neutral” rating to a “sell” rating in a report on Monday, January 26th. BMO Capital Markets reiterated an “outperform” rating on shares of Bombardier in a report on Wednesday, January 21st. Finally, Canadian Imperial Bank of Commerce cut Bombardier from an “outperform” rating to a “neutral” rating in a report on Tuesday, January 20th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $263.00.

Bombardier Trading Down 1.8%

The company has a market cap of $17.81 billion and a PE ratio of 37.49. The business has a 50 day simple moving average of $185.82 and a two-hundred day simple moving average of $170.25.

Bombardier (OTCMKTS:BDRBF) last released its quarterly earnings data on Thursday, February 12th. The company reported $4.80 EPS for the quarter, topping analysts’ consensus estimates of $3.38 by $1.42. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.48 billion. Bombardier had a negative return on equity of 43.88% and a net margin of 9.72%. On average, equities research analysts expect that Bombardier Inc. 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.