Bombardier (OTCMKTS:BDRBF) Shares Gap Up – What’s Next?

Bombardier Inc. (OTCMKTS:BDRBF) shares gapped up before the market opened on Tuesday . The stock had previously closed at $176.1350, but opened at $185.00. Bombardier shares last traded at $180.76, with a volume of 943 shares traded.

Analyst Ratings Changes

BDRBF has been the subject of a number of analyst reports. National Bank Financial reiterated an “outperform” rating and issued a $263.00 price target on shares of Bombardier in a research note on Tuesday, December 2nd. Zacks Research raised Bombardier to a “hold” rating in a research report on Tuesday, December 16th. Canadian Imperial Bank of Commerce lowered Bombardier from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 20th. Scotiabank cut Bombardier from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 21st. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Bombardier in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Bombardier presently has a consensus rating of “Hold” and an average price target of $263.00.

Bombardier Price Performance

The firm has a 50-day simple moving average of $185.86 and a 200 day simple moving average of $158.36. The stock has a market capitalization of $18.38 billion and a P/E ratio of 38.62.

Bombardier (OTCMKTS:BDRBF) last released its quarterly earnings results on Thursday, February 12th. The company reported $4.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $1.42. Bombardier had a net margin of 9.72% and a negative return on equity of 43.88%. The firm had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.48 billion.

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.