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

Bombardier Inc. (OTCMKTS:BDRBF) gapped up before the market opened on Thursday . The stock had previously closed at $171.7810, but opened at $177.00. Bombardier shares last traded at $177.76, with a volume of 1,689 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have commented on BDRBF shares. The Goldman Sachs Group downgraded shares of Bombardier from a “neutral” rating to a “sell” rating in a research report on Monday, January 26th. UBS Group reissued a “neutral” rating on shares of Bombardier in a report on Friday, February 13th. National Bank Financial restated an “outperform” rating and set a $263.00 price objective on shares of Bombardier in a research report on Tuesday, December 2nd. TD Securities reaffirmed a “hold” rating on shares of Bombardier in a research note on Friday, February 13th. Finally, Canadian Imperial Bank of Commerce cut Bombardier from an “outperform” rating to a “neutral” rating in a research report on Tuesday, January 20th. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $263.00.

Bombardier Price Performance

The company has a market capitalization of $16.84 billion and a P/E ratio of 35.45. The company has a fifty day moving average price of $185.21 and a two-hundred day moving average price of $163.11.

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

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.