Bombardier (OTCMKTS:BDRBF) Raised to “Strong-Buy” at Zacks Research

Bombardier (OTCMKTS:BDRBF) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday, Zacks reports.

A number of other equities analysts have also weighed in on BDRBF. Royal Bank Of Canada reissued an “outperform” rating on shares of Bombardier in a research report on Friday, July 31st. TD Securities reiterated a “hold” rating on shares of Bombardier in a research note on Friday, July 31st. National Bank Financial reissued a “sector perform” rating on shares of Bombardier in a report on Tuesday, July 7th. BMO Capital Markets restated an “outperform” rating on shares of Bombardier in a research report on Friday, July 31st. Finally, Scotiabank restated an “outperform” rating on shares of Bombardier in a report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $263.00.

Bombardier Trading Up 0.2%

Bombardier stock opened at $214.37 on Monday. Bombardier has a 12 month low of $125.00 and a 12 month high of $269.94. The stock has a fifty day simple moving average of $231.56 and a two-hundred day simple moving average of $217.60. The firm has a market cap of $21.26 billion and a price-to-earnings ratio of 23.53.

Bombardier (OTCMKTS:BDRBF) last announced its quarterly earnings results on Thursday, July 30th. The company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $1.18. Bombardier had a negative return on equity of 75.69% and a net margin of 9.74%.The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.12 billion. On average, equities research analysts forecast that Bombardier will post 10.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Bombardier

An institutional investor recently bought a new position in Bombardier stock. Sageworth Trust Co purchased a new stake in shares of Bombardier Inc. (OTCMKTS:BDRBF) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,327 shares of the company’s stock, valued at approximately $234,000.

About Bombardier

Bombardier Inc is a Canadian aerospace company headquartered in Montreal, Quebec, that designs, manufactures and services business aircraft. Its portfolio includes the Challenger family of super-midsize jets and the Global family of large-cabin business jets, which are used by corporations, governments and private operators worldwide. The company also provides aircraft completions, modifications and specialized aviation solutions.

Bombardier supports its aircraft through a global aftermarket network offering maintenance, repair and overhaul services, replacement parts, technical support and training.