Shares of Bombardier Inc. (OTCMKTS:BDRBF – Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $229.09, but opened at $220.51. Bombardier shares last traded at $228.76, with a volume of 74 shares trading hands.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on BDRBF. Scotiabank restated an “outperform” rating on shares of Bombardier in a report on Thursday, May 28th. National Bank Financial cut Bombardier from an “outperform” rating to a “sector perform” rating in a report on Thursday, April 16th. TD Securities reiterated 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 report on Friday, May 1st. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Bombardier in a research note on Friday, May 29th. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $263.00.
Get Our Latest Analysis on Bombardier
Bombardier Price Performance
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, topping the consensus estimate of $0.90 by $0.91. Bombardier had a negative return on equity of 56.13% and a net margin of 9.73%.The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.64 billion. On average, equities research analysts expect that Bombardier Inc. will post 8.25 EPS for the current year.
Institutional Investors Weigh In On Bombardier
A hedge fund recently bought a new position in Bombardier stock. Sageworth Trust Co bought a new stake in Bombardier Inc. (OTCMKTS:BDRBF – Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,327 shares of the company’s stock, valued at approximately $234,000.
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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