Bombardier Inc. (OTCMKTS:BDRBF) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Bombardier Inc. (OTCMKTS:BDRBF) has been given an average recommendation of “Moderate Buy” by the ten brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $263.00.

A number of equities analysts have weighed in on the stock. BMO Capital Markets reaffirmed an “outperform” rating on shares of Bombardier in a research note on Friday, July 31st. Royal Bank Of Canada reiterated an “outperform” rating on shares of Bombardier in a research note on Friday, July 31st. Scotiabank reissued an “outperform” rating on shares of Bombardier in a research report on Thursday, October 15th. National Bank Financial upgraded shares of Bombardier from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 15th. Finally, Zacks Research raised shares of Bombardier from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th.

Bombardier Price Performance

Shares of BDRBF opened at $234.79 on Friday. Bombardier has a one year low of $134.35 and a one year high of $269.94. The company has a 50-day simple moving average of $223.16 and a two-hundred day simple moving average of $211.43. The firm has a market capitalization of $23.28 billion and a PE ratio of 25.77.

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

Institutional Trading of Bombardier

An institutional investor recently bought a new stake in Bombardier stock. Sageworth Trust Co bought a new position in Bombardier Inc. (OTCMKTS:BDRBF) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,327 shares of the company’s stock, valued at approximately $234,000.

Bombardier Company Profile

Bombardier Inc is a Canadian aerospace company focused on the design, manufacture and support of business aircraft. Its portfolio includes the Challenger family of super-midsize and large-cabin jets and the Global family of long-range business jets. The company also provides aircraft maintenance, refurbishment, parts, training and other aftermarket services through its worldwide support network.

Founded in 1942 by Joseph-Armand Bombardier, the company originally developed snowmobiles before expanding into transportation and aerospace.