Bombardier (OTCMKTS:BDRBF) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Bombardier Inc. (OTCMKTS:BDRBF)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $182.44 and traded as high as $203.2620. Bombardier shares last traded at $203.2620, with a volume of 14,975 shares.

Analyst Ratings Changes

Several research analysts recently commented on BDRBF shares. National Bank Financial reiterated an “outperform” rating and issued a $263.00 price target on shares of Bombardier in a research report on Tuesday, December 2nd. Scotiabank lowered Bombardier from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 21st. UBS Group reiterated a “neutral” rating on shares of Bombardier in a report on Friday, February 13th. Canadian Imperial Bank of Commerce downgraded Bombardier from an “outperform” rating to a “neutral” rating in a research report on Tuesday, January 20th. Finally, Zacks Research upgraded Bombardier to a “hold” rating in a research report on Tuesday, December 16th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Bombardier presently has an average rating of “Hold” and an average target price of $263.00.

Bombardier Stock Performance

The company has a 50-day simple moving average of $182.44 and a 200-day simple moving average of $153.61.

Bombardier (OTCMKTS:BDRBF) last issued its quarterly earnings results on Thursday, February 12th. The company reported $4.80 earnings per share for the quarter, topping the consensus estimate of $3.38 by $1.42. The business had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.48 billion.

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.