Bombardier Inc. (OTCMKTS:BDRBF – Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $234.26, but opened at $253.5099. Bombardier shares last traded at $230.94, with a volume of 266 shares changing hands.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on BDRBF shares. Desjardins reiterated a “buy” 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. UBS Group restated a “neutral” rating on shares of Bombardier in a research note on Friday, February 13th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Bombardier in a report on Friday, May 1st. Finally, Scotiabank reiterated an “outperform” rating on shares of Bombardier in a research report on Thursday, May 28th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $263.00.
View Our Latest Research Report on Bombardier
Bombardier Stock Performance
Bombardier (OTCMKTS:BDRBF – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.91. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.64 billion. Bombardier had a net margin of 9.73% and a negative return on equity of 56.13%. On average, sell-side analysts expect that Bombardier Inc. will post 8.25 EPS for the current fiscal year.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Bombardier stock. Sageworth Trust Co purchased a new position in Bombardier Inc. (OTCMKTS:BDRBF – Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 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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