Bombardier Inc. (OTCMKTS:BDRBF) Receives Average Recommendation of “Hold” from Analysts

Shares of Bombardier Inc. (OTCMKTS:BDRBF) have been assigned an average recommendation of “Hold” from the ten brokerages that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $263.00.

A number of equities research analysts have weighed in on the company. Scotiabank cut Bombardier from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 21st. The Goldman Sachs Group cut Bombardier from a “neutral” rating to a “sell” rating in a research note on Monday, January 26th. TD Securities reiterated a “hold” rating on shares of Bombardier in a research note on Friday, February 13th. Canadian Imperial Bank of Commerce cut Bombardier from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 20th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Bombardier in a research note on Wednesday, January 21st.

Bombardier Stock Performance

Shares of BDRBF opened at $175.93 on Wednesday. The stock has a 50-day simple moving average of $183.38 and a 200-day simple moving average of $166.47. The stock has a market capitalization of $17.42 billion and a PE ratio of 36.65. Bombardier has a 1 year low of $52.53 and a 1 year high of $206.36.

Bombardier (OTCMKTS:BDRBF) last announced its quarterly earnings data 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. The business had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.48 billion. Bombardier had a negative return on equity of 43.88% and a net margin of 9.72%.

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.