Bombardier (OTCMKTS:BDRBF) Stock Gets Downgrade from Zacks Research

Bombardier (OTCMKTS:BDRBF) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday, Zacks reports.

A number of other research analysts have also weighed in on BDRBF. National Bank Financial raised shares of Bombardier from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 15th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Bombardier in a research report on Friday, July 31st. BMO Capital Markets reaffirmed an “outperform” rating on shares of Bombardier in a research report on Friday, July 31st. TD Securities reiterated a “hold” rating on shares of Bombardier in a research note on Friday, July 31st. Finally, Scotiabank reissued an “outperform” rating on shares of Bombardier in a research report on Thursday, October 15th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Bombardier currently has an average rating of “Hold” and an average target price of $263.00.

Bombardier Trading Up 0.5%

OTCMKTS:BDRBF opened at $243.86 on Tuesday. Bombardier has a 1 year low of $134.35 and a 1 year high of $269.94. The firm’s fifty day simple moving average is $223.40 and its 200 day simple moving average is $212.28. The firm has a market capitalization of $24.18 billion and a PE ratio of 26.77.

Institutional Investors Weigh In On Bombardier

An institutional investor recently bought a new stake in Bombardier stock. Sageworth Trust Co bought a new position in shares of Bombardier Inc. (OTCMKTS:BDRBF) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,327 shares of the company’s stock, valued at approximately $234,000.

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.