Bombardier Inc. (OTCMKTS:BDRBF) Receives $263.00 Average PT from Analysts

Shares of Bombardier Inc. (OTCMKTS:BDRBF) have received a consensus rating of “Hold” from the ten analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $263.00.

Several analysts recently weighed in on the company. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Bombardier in a research note on Friday, May 1st. BMO Capital Markets reissued an “outperform” rating on shares of Bombardier in a report on Friday, July 31st. Scotiabank reissued an “outperform” rating on shares of Bombardier in a research note on Thursday, July 16th. Desjardins restated a “buy” rating on shares of Bombardier in a report on Friday, May 1st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Bombardier in a research report on Friday, July 31st.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Bombardier stock. Sageworth Trust Co bought a new position in Bombardier Inc. (OTCMKTS:BDRBF) in the 1st quarter, according to 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 Price Performance

OTCMKTS:BDRBF opened at $256.69 on Tuesday. The firm has a market capitalization of $25.32 billion and a P/E ratio of 28.18. Bombardier has a one year low of $103.87 and a one year high of $269.94. The company’s 50-day simple moving average is $237.46 and its 200 day simple moving average is $207.90.

Bombardier (OTCMKTS:BDRBF) last announced its earnings results on Thursday, July 30th. The company reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $1.18. Bombardier had a net margin of 9.74% and a negative return on equity of 65.10%. The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.12 billion. On average, equities research analysts expect that Bombardier will post 8.25 earnings per share for the current fiscal year.

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.