Bombardier Inc. (OTCMKTS:BDRBF) Stock Now Rated “Hold” by Sell-Side Analysts

Shares of Bombardier Inc. (OTCMKTS:BDRBF) have been given a consensus recommendation of “Hold” by the ten brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $263.00.

Several analysts have recently issued reports on the company. National Bank Financial restated a “sector perform” rating on shares of Bombardier in a research report on Tuesday, July 7th. BMO Capital Markets reissued an “outperform” rating on shares of Bombardier in a research note on Friday, July 31st. TD Securities restated a “hold” rating on shares of Bombardier in a report on Friday, July 31st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Bombardier in a research note on Friday, July 31st. Finally, Scotiabank reiterated an “outperform” rating on shares of Bombardier in a report on Thursday, July 16th.

Institutional Trading of Bombardier

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

Bombardier Price Performance

Shares of BDRBF opened at $214.37 on Wednesday. The firm has a 50 day simple moving average of $231.56 and a 200-day simple moving average of $217.60. Bombardier has a 1-year low of $125.00 and a 1-year high of $269.94. The stock has a market cap of $21.26 billion and a price-to-earnings ratio of 23.53.

Bombardier (OTCMKTS:BDRBF) last posted its earnings results on Thursday, July 30th. The company reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $1.18. The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.12 billion. Bombardier had a negative return on equity of 75.69% and a net margin of 9.74%. On average, equities analysts expect that Bombardier will post 10.15 earnings per share for the current fiscal year.

Bombardier Company Profile

Bombardier Inc is a Canadian aerospace company headquartered in Montreal, Quebec, that designs, manufactures and services business aircraft. Its portfolio includes the Challenger family of super-midsize jets and the Global family of large-cabin business jets, which are used by corporations, governments and private operators worldwide. The company also provides aircraft completions, modifications and specialized aviation solutions.

Bombardier supports its aircraft through a global aftermarket network offering maintenance, repair and overhaul services, replacement parts, technical support and training.