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

Bombardier Inc. (OTCMKTS:BDRBF)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $177.00, but opened at $189.33. Bombardier shares last traded at $174.74, with a volume of 598 shares changing hands.

Analysts Set New Price Targets

A number of research firms recently issued reports on BDRBF. The Goldman Sachs Group cut Bombardier from a “neutral” rating to a “sell” rating in a report on Monday, January 26th. UBS Group reaffirmed a “neutral” rating on shares of Bombardier in a report on Friday, February 13th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Bombardier in a report on Wednesday, January 21st. Scotiabank cut Bombardier from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 21st. Finally, TD Securities reaffirmed a “hold” rating on shares of Bombardier in a report on Friday, February 13th. Three analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $263.00.

Bombardier Stock Up 6.7%

The stock has a fifty day moving average of $183.43 and a 200-day moving average of $166.62. The firm has a market capitalization of $18.58 billion and a P/E ratio of 39.10.

Bombardier (OTCMKTS:BDRBF) last announced its quarterly earnings data on Thursday, February 12th. The company reported $4.80 EPS for the quarter, topping analysts’ consensus estimates of $3.38 by $1.42. The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.48 billion. Bombardier had a negative return on equity of 43.88% and a net margin of 9.72%.

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.