Bombardier (OTCMKTS:BDRBF) Shares Gap Up – Should You Buy?

Bombardier Inc. (OTCMKTS:BDRBF) gapped up prior to trading on Tuesday . The stock had previously closed at $176.1350, but opened at $185.00. Bombardier shares last traded at $180.76, with a volume of 943 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Zacks Research upgraded Bombardier to a “hold” rating in a report on Tuesday, December 16th. National Bank Financial reiterated an “outperform” rating and issued a $263.00 price objective on shares of Bombardier in a research note on Tuesday, December 2nd. TD Securities reissued a “hold” rating on shares of Bombardier in a research report on Friday, February 13th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Bombardier in a report on Wednesday, January 21st. Finally, Canadian Imperial Bank of Commerce downgraded shares of Bombardier from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 20th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $263.00.

Bombardier Trading Up 4.2%

The stock has a fifty day simple moving average of $185.31 and a 200-day simple moving average of $157.74. The company has a market capitalization of $18.20 billion and a PE ratio of 38.23.

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

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.