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

Bombardier Inc. (OTCMKTS:BDRBF) has been given an average recommendation of “Hold” by the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $263.00.

BDRBF has been the subject of a number of recent research reports. Desjardins reissued a “buy” rating on shares of Bombardier in a report on Friday, May 1st. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Bombardier in a report on Friday, May 1st. Scotiabank reissued an “outperform” rating on shares of Bombardier in a report on Thursday, May 28th. BMO Capital Markets reissued an “outperform” rating on shares of Bombardier in a report on Friday, May 29th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Bombardier in a report on Friday, May 1st.

Hedge Funds Weigh In On Bombardier

An institutional investor recently bought a new position in Bombardier stock. Sageworth Trust Co purchased a new stake in shares of Bombardier Inc. (OTCMKTS:BDRBF) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,327 shares of the company’s stock, valued at approximately $234,000.

Bombardier Stock Performance

Shares of BDRBF opened at $228.81 on Monday. Bombardier has a 1 year low of $81.20 and a 1 year high of $253.51. The stock has a 50 day simple moving average of $208.47 and a 200-day simple moving average of $190.48. The stock has a market cap of $22.57 billion and a PE ratio of 34.62.

Bombardier (OTCMKTS:BDRBF) last issued its earnings results on Thursday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.91. Bombardier had a negative return on equity of 56.13% and a net margin of 9.73%.The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.64 billion. On average, sell-side analysts forecast that Bombardier will post 8.25 EPS for the current fiscal year.

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.