Bombardier (OTCMKTS:BDRBF – Get Free Report) is projected to post its results before the market opens on Thursday, November 5th. Analysts expect Bombardier to post earnings of $1.61 per share and revenue of $2.38 billion for the quarter.
Bombardier Stock Performance
OTCMKTS:BDRBF opened at $237.39 on Tuesday. Bombardier has a 52-week low of $134.35 and a 52-week high of $269.94. The company has a market cap of $23.54 billion and a P/E ratio of 26.06. The stock’s 50-day simple moving average is $222.87 and its 200 day simple moving average is $211.70.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on BDRBF. BMO Capital Markets reaffirmed an “outperform” rating on shares of Bombardier in a research report on Friday, July 31st. Zacks Research raised shares of Bombardier from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Royal Bank Of Canada restated an “outperform” rating on shares of Bombardier in a report on Friday, July 31st. Scotiabank reaffirmed an “outperform” rating on shares of Bombardier in a research report on Thursday, October 15th. Finally, TD Securities reaffirmed a “hold” rating on shares of Bombardier in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $263.00.
Read Our Latest Report on Bombardier
About Bombardier
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.
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