Shares of Bombardier Inc. (OTCMKTS:BDRBF – Get Free Report) have earned an average rating of “Hold” from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $263.00.
A number of research firms have issued reports on BDRBF. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Bombardier in a research note on Friday, May 1st. BMO Capital Markets restated an “outperform” rating on shares of Bombardier in a research report on Friday, May 29th. TD Securities restated a “hold” rating on shares of Bombardier in a research report on Friday, May 1st. Royal Bank Of Canada restated an “outperform” rating on shares of Bombardier in a research report on Friday, May 1st. Finally, Desjardins restated a “buy” rating on shares of Bombardier in a research report on Friday, May 1st.
Read Our Latest Research Report on BDRBF
Institutional Trading of Bombardier
Bombardier Stock Up 2.2%
Bombardier stock opened at $228.81 on Monday. The firm has a 50-day moving average price of $208.47 and a two-hundred day moving average price of $190.32. The firm has a market capitalization of $22.57 billion and a price-to-earnings ratio of 34.62. Bombardier has a 52-week low of $81.20 and a 52-week high of $253.51.
Bombardier (OTCMKTS:BDRBF – Get Free Report) last posted its earnings results on Thursday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.91. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.64 billion. Bombardier had a net margin of 9.73% and a negative return on equity of 56.13%. Research analysts expect that Bombardier will post 8.25 earnings per share for the current 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.
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