Bombardier (OTCMKTS:BDRBF) Shares Gap Up – Here’s What Happened

Bombardier Inc. (OTCMKTS:BDRBF) shares gapped up prior to trading on Tuesday. The stock had previously closed at $222.85, but opened at $239.2150. Bombardier shares last traded at $235.6750, with a volume of 124 shares traded.

Analyst Upgrades and Downgrades

BDRBF has been the topic of a number of recent research reports. BMO Capital Markets reiterated an “outperform” rating on shares of Bombardier in a research note on Friday, July 31st. National Bank Financial raised Bombardier from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 15th. Royal Bank Of Canada reissued an “outperform” rating on shares of Bombardier in a research report on Friday, July 31st. TD Securities reaffirmed a “hold” rating on shares of Bombardier in a research report on Friday, July 31st. Finally, Scotiabank reiterated an “outperform” rating on shares of Bombardier in a research note on Thursday, October 15th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Bombardier presently has a consensus rating of “Hold” and a consensus price target of $263.00.

Bombardier Price Performance

The company’s fifty day simple moving average is $224.13 and its 200-day simple moving average is $213.26. The firm has a market capitalization of $24.02 billion and a PE ratio of 22.25.

Bombardier (OTCMKTS:BDRBF) last issued its quarterly earnings data on Thursday, November 5th. The company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.61 by $0.11. Bombardier had a negative return on equity of 96.00% and a net margin of 9.96%. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.38 billion. As a group, equities research analysts anticipate that Bombardier Inc. will post 10.20 earnings per share for the current fiscal year.

Bombardier Company Profile

Bombardier Inc. is a Canadian aerospace company focused on the design, manufacture and support of business aircraft. Its aircraft include the Challenger and Global families, which serve corporate, government and private customers around the world. The company also provides services throughout an aircraft’s life cycle, including maintenance, repairs, modifications, parts, training and customer support. Bombardier operates a global network of service centres and support facilities to serve its international customer base.