Bombardier Inc. (OTCMKTS:BDRBF) Given Average Recommendation of “Hold” by Brokerages

Bombardier Inc. (OTCMKTS:BDRBF) has been given a consensus recommendation of “Hold” by the eleven brokerages that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $263.00.

Several research analysts have weighed in on the company. Scotiabank upgraded Bombardier from a “sector perform” rating to an “outperform” rating in a report on Friday, May 1st. BMO Capital Markets reiterated an “outperform” rating on shares of Bombardier in a report on Friday, May 1st. Royal Bank Of Canada reiterated an “outperform” rating on shares of Bombardier in a report on Friday, May 1st. TD Securities restated a “hold” rating on shares of Bombardier in a report on Friday, May 1st. Finally, Desjardins restated a “buy” rating on shares of Bombardier in a report on Friday, May 1st.

Bombardier Stock Performance

Shares of BDRBF opened at $210.49 on Thursday. The stock has a fifty day moving average of $189.77 and a two-hundred day moving average of $180.24. The company has a market capitalization of $20.76 billion and a PE ratio of 31.84. Bombardier has a fifty-two week low of $66.31 and a fifty-two week high of $221.81.

Bombardier (OTCMKTS:BDRBF) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.91. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.64 billion. Bombardier had a negative return on equity of 56.13% and a net margin of 9.73%. As a group, equities research analysts forecast that Bombardier will post 8.25 earnings per share for the current fiscal year.

Institutional Trading of Bombardier

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

About Bombardier

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.