Bombardier (OTCMKTS:BDRBF) Shares Gap Up – Should You Buy?

Bombardier Inc. (OTCMKTS:BDRBF)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $244.9150, but opened at $255.00. Bombardier shares last traded at $258.75, with a volume of 903 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Desjardins reaffirmed a “buy” rating on shares of Bombardier in a research note on Friday, May 1st. TD Securities reissued a “hold” rating on shares of Bombardier in a research note on Friday, July 31st. Scotiabank restated an “outperform” rating on shares of Bombardier in a report on Thursday, July 16th. National Bank Financial reaffirmed a “sector perform” rating on shares of Bombardier in a research note on Tuesday, July 7th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Bombardier in a report on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $263.00.

Bombardier Price Performance

The stock has a market capitalization of $24.75 billion and a P/E ratio of 27.54. The stock’s fifty day moving average price is $238.10 and its 200 day moving average price is $208.37.

Bombardier (OTCMKTS:BDRBF) last announced its quarterly earnings data on Thursday, July 30th. The company reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $1.18. The company had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.12 billion. Bombardier had a net margin of 9.74% and a negative return on equity of 65.10%. On average, sell-side analysts expect that Bombardier Inc. will post 8.25 earnings per share for the current year.

Institutional Trading of Bombardier

A hedge fund recently bought a new position in Bombardier stock. Sageworth Trust Co acquired a new position in Bombardier Inc. (OTCMKTS:BDRBF) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 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.