Bombardier (OTCMKTS:BDRBF) Shares Gap Up – Time to Buy?

Bombardier Inc. (OTCMKTS:BDRBF) gapped up prior to trading on Wednesday . The stock had previously closed at $234.26, but opened at $253.5099. Bombardier shares last traded at $230.94, with a volume of 266 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BDRBF. Scotiabank reaffirmed an “outperform” rating on shares of Bombardier in a research report on Thursday, May 28th. TD Securities reaffirmed a “hold” rating on shares of Bombardier in a research report on Friday, May 1st. National Bank Financial downgraded Bombardier from an “outperform” rating to a “sector perform” rating in a research report on Thursday, April 16th. UBS Group reaffirmed a “neutral” rating on shares of Bombardier in a research report on Friday, February 13th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Bombardier in a research report on Friday, May 29th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Bombardier has an average rating of “Hold” and a consensus target price of $263.00.

Bombardier Trading Down 1.0%

The firm has a 50 day moving average price of $196.18 and a 200-day moving average price of $183.69. The firm has a market cap of $22.73 billion and a PE ratio of 34.85.

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

Hedge Funds Weigh In On Bombardier

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

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.