Bombardier Inc. (BDRBF) – What Are Investment Firms Saying About This Stock?

Bombardier Inc. (OTCMKTS:BDRBF) has been assigned a consensus rating of “Moderate Buy” from the ten research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $263.00.

Several equities research analysts have issued reports on BDRBF shares. National Bank Financial raised Bombardier from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 15th. TD Securities restated a “hold” rating on shares of Bombardier in a report on Friday, July 31st. Zacks Research upgraded shares of Bombardier from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Bombardier in a research note on Friday, July 31st. Finally, Scotiabank reiterated an “outperform” rating on shares of Bombardier in a report on Thursday, October 15th.

Hedge Funds Weigh In On Bombardier

A hedge fund recently bought a new position in Bombardier stock. Sageworth Trust Co bought a new position in shares of Bombardier Inc. (OTCMKTS:BDRBF) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,327 shares of the company’s stock, valued at approximately $234,000.

Bombardier Stock Up 1.6%

Shares of BDRBF stock opened at $233.29 on Friday. Bombardier has a 12-month low of $134.35 and a 12-month high of $269.94. The firm has a fifty day moving average of $223.73 and a 200-day moving average of $221.26. The firm has a market capitalization of $23.14 billion and a price-to-earnings ratio of 25.61.

Bombardier (OTCMKTS:BDRBF) last issued its quarterly earnings data on Thursday, July 30th. The company reported $2.50 EPS for the quarter, topping the consensus estimate of $1.32 by $1.18. The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.12 billion. Bombardier had a negative return on equity of 75.69% and a net margin of 9.74%. Research analysts expect that Bombardier will post 10.15 earnings per share for the current year.

Bombardier Company Profile

Bombardier Inc is a Canadian aerospace company focused on the design, manufacture and support of business aircraft. Its portfolio includes the Challenger family of super-midsize and large-cabin jets and the Global family of long-range business jets. The company also provides aircraft maintenance, refurbishment, parts, training and other aftermarket services through its worldwide support network.

Founded in 1942 by Joseph-Armand Bombardier, the company originally developed snowmobiles before expanding into transportation and aerospace.