Bombardier Inc. (OTCMKTS:BDRBF) Given Consensus Recommendation of “Hold” by Analysts

Bombardier Inc. (OTCMKTS:BDRBF) has earned an average recommendation of “Hold” from the ten brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $263.00.

A number of analysts have commented on the company. National Bank Financial reiterated a “sector perform” rating on shares of Bombardier in a research report on Tuesday, July 7th. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Bombardier in a research report on Friday, May 1st. Royal Bank Of Canada restated an “outperform” rating on shares of Bombardier in a research note on Friday, July 31st. Scotiabank reaffirmed an “outperform” rating on shares of Bombardier in a research report on Thursday, July 16th. Finally, Desjardins reiterated a “buy” rating on shares of Bombardier in a research note on Friday, May 1st.

Institutional Trading of Bombardier

A hedge fund recently bought a new position in Bombardier stock. Sageworth Trust Co bought a new stake in Bombardier Inc. (OTCMKTS:BDRBF) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,327 shares of the company’s stock, valued at approximately $234,000.

Bombardier Stock Performance

Shares of BDRBF opened at $246.47 on Tuesday. The company has a 50-day simple moving average of $235.08 and a 200-day simple moving average of $205.72. Bombardier has a 52 week low of $103.87 and a 52 week high of $269.94. The firm has a market capitalization of $24.31 billion and a P/E ratio of 27.05.

Bombardier (OTCMKTS:BDRBF) last released its earnings results on Thursday, July 30th. The company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $1.18. Bombardier had a negative return on equity of 65.10% and a net margin of 9.74%.The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.12 billion. As a group, equities analysts forecast that Bombardier will post 8.25 earnings per share for the current year.

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.