Bombardier Inc. (OTCMKTS:BDRBF – Get Free Report) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $211.52 and traded as high as $232.50. Bombardier shares last traded at $229.09, with a volume of 31,401 shares.
Analyst Upgrades and Downgrades
BDRBF has been the topic of several analyst reports. Desjardins reaffirmed a “buy” rating on shares of Bombardier in a report on Friday, May 1st. Scotiabank reissued an “outperform” rating on shares of Bombardier in a research note on Thursday, May 28th. TD Securities restated a “hold” rating on shares of Bombardier in a research report on Friday, May 1st. BMO Capital Markets restated an “outperform” rating on shares of Bombardier in a research note on Friday, May 29th. Finally, Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Bombardier in a report on Friday, May 1st. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Bombardier currently has an average rating of “Hold” and an average target price of $263.00.
Read Our Latest Report on Bombardier
Bombardier Stock Performance
Bombardier (OTCMKTS:BDRBF – Get Free Report) last posted its quarterly 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 business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.64 billion. Equities analysts predict 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 bought a new stake in Bombardier Inc. (OTCMKTS:BDRBF – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 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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