Bombardier Inc. (OTCMKTS:BDRBF – Get Free Report)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $186.00 and traded as high as $195.5660. Bombardier shares last traded at $193.98, with a volume of 45,115 shares trading hands.
Analysts Set New Price Targets
Several research analysts recently weighed in on the company. Desjardins reissued a “buy” rating on shares of Bombardier in a research report on Friday, May 1st. The Goldman Sachs Group lowered Bombardier from a “neutral” rating to a “sell” rating in a research report on Monday, January 26th. TD Securities reissued a “hold” rating on shares of Bombardier in a research report on Friday, May 1st. Royal Bank Of Canada reissued an “outperform” rating on shares of Bombardier in a research report on Friday, May 1st. Finally, UBS Group reissued a “neutral” rating on shares of Bombardier in a research report on Friday, February 13th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Bombardier has a consensus rating of “Hold” and an average target price of $263.00.
Get Our Latest Stock Analysis on Bombardier
Bombardier Trading Up 1.2%
Bombardier (OTCMKTS:BDRBF – Get Free Report) last issued its earnings results on Thursday, April 30th. The company reported $1.81 earnings per share 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 for the quarter, compared to analyst estimates of $1.64 billion. On average, sell-side analysts forecast that Bombardier Inc. will post 8.25 earnings per share for the current year.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Bombardier stock. Sageworth Trust Co bought a new position in Bombardier Inc. (OTCMKTS:BDRBF – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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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