Bombardier (OTCMKTS:BDRBF) Shares Gap Up – Time to Buy?

Bombardier Inc. (OTCMKTS:BDRBF)’s share price gapped up prior to trading on Tuesday. The stock had previously closed at $222.85, but opened at $239.2150. Bombardier shares last traded at $235.6750, with a volume of 124 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Scotiabank restated an “outperform” rating on shares of Bombardier in a report on Thursday, October 15th. National Bank Financial raised shares of Bombardier from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 15th. BMO Capital Markets restated an “outperform” rating on shares of Bombardier in a report on Friday, July 31st. TD Securities reaffirmed a “hold” rating on shares of Bombardier in a research report on Friday, July 31st. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Bombardier in a report on Friday, July 31st. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $263.00.

Bombardier Trading Down 0.1%

The business’s fifty day moving average price is $223.13 and its 200 day moving average price is $212.79. The company has a market capitalization of $23.49 billion and a P/E ratio of 25.10.

Bombardier (OTCMKTS:BDRBF) last issued its earnings results on Thursday, November 5th. The company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.11. Bombardier had a negative return on equity of 75.69% and a net margin of 9.74%. The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.38 billion. Equities research analysts anticipate that Bombardier Inc. will post 10.15 EPS for the current year.

About Bombardier

Bombardier Inc is a Canadian aerospace company focused on the design, manufacture and support of business aircraft. Its aircraft include the Challenger and Global families, which serve corporate, government and private customers around the world.

The company also provides services throughout an aircraft’s life cycle, including maintenance, repairs, modifications, parts, training and customer support. Bombardier operates a global network of service centres and support facilities to serve its international customer base.

Founded in 1942 by Joseph-Armand Bombardier, the company initially became known for snowmobiles and later expanded into rail transportation and aerospace.