Bombardier (OTCMKTS:BDRBF) Upgraded at Zacks Research

Zacks Research upgraded shares of Bombardier (OTCMKTS:BDRBF) from a hold rating to a strong-buy rating in a report published on Monday,Zacks reports.

Several other analysts have also recently commented on BDRBF. National Bank Financial reiterated a “sector perform” rating on shares of Bombardier in a research report on Tuesday, July 7th. TD Securities restated a “hold” rating on shares of Bombardier in a report on Friday, July 31st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Bombardier in a research note on Friday, July 31st. BMO Capital Markets reaffirmed an “outperform” rating on shares of Bombardier in a report on Friday, July 31st. Finally, Scotiabank reiterated an “outperform” rating on shares of Bombardier in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $263.00.

Bombardier Trading Down 1.9%

BDRBF stock opened at $210.26 on Monday. Bombardier has a 12-month low of $125.00 and a 12-month high of $269.94. The business’s 50-day moving average is $230.68 and its 200 day moving average is $217.85. The stock has a market cap of $20.85 billion and a price-to-earnings ratio of 23.08.

Bombardier (OTCMKTS:BDRBF) last announced its earnings results on Thursday, July 30th. The company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $1.18. The business had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Bombardier had a negative return on equity of 75.69% and a net margin of 9.74%. As a group, equities analysts forecast that Bombardier will post 10.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Bombardier

An institutional investor 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 the company in its most recent disclosure with the SEC. The firm acquired 1,327 shares of the company’s stock, valued at approximately $234,000.

Bombardier Company Profile

Bombardier Inc is a Canadian aerospace company headquartered in Montreal, Quebec, that designs, manufactures and services business aircraft. Its portfolio includes the Challenger family of super-midsize jets and the Global family of large-cabin business jets, which are used by corporations, governments and private operators worldwide. The company also provides aircraft completions, modifications and specialized aviation solutions.

Bombardier supports its aircraft through a global aftermarket network offering maintenance, repair and overhaul services, replacement parts, technical support and training.