Analysts Set Bombardier Inc. (OTCMKTS:BDRBF) Price Target at $263.00

Shares of Bombardier Inc. (OTCMKTS:BDRBF) have been assigned an average rating of “Hold” from the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $263.00.

A number of analysts recently weighed in on the company. Canadian Imperial Bank of Commerce downgraded Bombardier from an “outperform” rating to a “neutral” rating in a research report on Tuesday, January 20th. National Bank Financial restated an “outperform” rating and issued a $263.00 price objective on shares of Bombardier in a report on Tuesday, December 2nd. Scotiabank cut shares of Bombardier from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 21st. BMO Capital Markets reiterated an “outperform” rating on shares of Bombardier in a research report on Wednesday, January 21st. Finally, Zacks Research raised shares of Bombardier to a “hold” rating in a research note on Tuesday, December 16th.

Bombardier Trading Down 4.8%

Shares of OTCMKTS:BDRBF opened at $192.56 on Tuesday. Bombardier has a 52-week low of $50.77 and a 52-week high of $205.65. The firm has a fifty day moving average of $180.10 and a 200 day moving average of $152.38.

Bombardier (OTCMKTS:BDRBF) last released its quarterly earnings results on Thursday, February 12th. The company reported $4.80 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $1.42. The firm had revenue of $3.69 billion for 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.