Bombardier (OTCMKTS:BDRBF) Cut to “Sector Perform” at National Bank Financial

National Bank Financial lowered shares of Bombardier (OTCMKTS:BDRBF) from an outperform rating to a sector perform rating in a research report sent to investors on Thursday morning, Marketbeat Ratings reports.

Several other research firms have also recently issued reports on BDRBF. Canadian Imperial Bank of Commerce cut shares of Bombardier from an “outperform” rating to a “neutral” rating in a research report on Tuesday, January 20th. BMO Capital Markets reissued an “outperform” rating on shares of Bombardier in a research report on Wednesday, January 21st. The Goldman Sachs Group cut shares of Bombardier from a “neutral” rating to a “sell” rating in a research report on Monday, January 26th. TD Securities reissued a “hold” rating on shares of Bombardier in a research report on Friday, February 13th. Finally, Scotiabank cut shares of Bombardier from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Bombardier has an average rating of “Hold” and a consensus price target of $263.00.

Bombardier Stock Performance

Shares of OTCMKTS BDRBF opened at $195.31 on Thursday. The company has a market capitalization of $19.33 billion and a price-to-earnings ratio of 40.69. Bombardier has a fifty-two week low of $58.91 and a fifty-two week high of $206.36. The company has a 50 day simple moving average of $185.63 and a two-hundred day simple moving average of $169.24.

Bombardier (OTCMKTS:BDRBF) last released 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 company had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.48 billion. Bombardier had a net margin of 9.72% and a negative return on equity of 43.88%.

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.