Bombardier Inc. (OTCMKTS:BDRBF – Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $217.50, but opened at $210.01. Bombardier shares last traded at $219.10, with a volume of 281 shares.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on BDRBF. Royal Bank Of Canada restated an “outperform” rating on shares of Bombardier in a report on Friday, July 31st. TD Securities reaffirmed a “hold” rating on shares of Bombardier in a research note on Friday, July 31st. National Bank Financial reiterated a “sector perform” rating on shares of Bombardier in a report on Tuesday, July 7th. Scotiabank reissued an “outperform” rating on shares of Bombardier in a research note on Thursday, July 16th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Bombardier in a report on Friday, July 31st. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Bombardier presently has an average rating of “Hold” and a consensus target price of $263.00.
Read Our Latest Report on Bombardier
Bombardier Trading Up 0.1%
Bombardier (OTCMKTS:BDRBF – Get Free Report) last announced its quarterly 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 75.69%. The firm had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.12 billion. On average, equities analysts predict that Bombardier Inc. will post 10.15 earnings per share for the current fiscal year.
Institutional Trading of Bombardier
An institutional investor recently bought a new position in Bombardier stock. Sageworth Trust Co purchased a new stake in Bombardier Inc. (OTCMKTS:BDRBF – Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,327 shares of the company’s stock, valued at approximately $234,000.
Bombardier Company Profile
Bombardier Inc is a Canadian aerospace company focused on business aviation. The company designs, manufactures and supports business jets, including its Challenger and Global aircraft families, which serve corporate, charter, government and private customers. Bombardier also provides aircraft maintenance, refurbishment, parts, technical support and other aftermarket services through a global service network.
In addition to business jets, Bombardier develops specialized aircraft solutions for government and defense missions, including aircraft configured for surveillance, transport and other mission requirements.
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