Shares of Bombardier Inc. (OTCMKTS:BDRBF – Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $246.57, but opened at $234.20. Bombardier shares last traded at $235.2450, with a volume of 231 shares trading hands.
Wall Street Analysts Forecast Growth
BDRBF has been the topic of several analyst reports. National Bank Financial reissued a “sector perform” rating on shares of Bombardier in a report on Tuesday, July 7th. TD Securities restated a “hold” rating on shares of Bombardier in a report on Friday, July 31st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Bombardier in a research report on Friday, July 31st. Scotiabank reaffirmed an “outperform” rating on shares of Bombardier in a research report on Thursday, July 16th. Finally, Desjardins reiterated a “buy” rating on shares of Bombardier in a research note on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $263.00.
Check Out Our Latest Stock Analysis on Bombardier
Bombardier Trading Down 0.3%
Bombardier (OTCMKTS:BDRBF – Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $2.50 EPS for the quarter, beating the consensus estimate of $1.32 by $1.18. The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.12 billion. Bombardier had a negative return on equity of 65.10% and a net margin of 9.74%. As a group, equities research analysts anticipate that Bombardier Inc. will post 10.15 EPS for the current year.
Institutional Investors Weigh In On Bombardier
A hedge fund recently bought a new stake in Bombardier stock. Sageworth Trust Co acquired a new position in Bombardier Inc. (OTCMKTS:BDRBF – Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 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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