Bombardier (OTCMKTS:BDRBF) Upgraded at Zacks Research

Key Points

• Zacks Research upgraded Bombardier from “hold” to “strong buy,” while other analysts’ ratings produce a consensus “Moderate Buy” recommendation and a $263 price target.
• Bombardier reported quarterly earnings of $2.50 per share, beating the $1.32 consensus estimate, while revenue of $2.15 billion slightly exceeded expectations.
• The stock opened at $214.37, with a market capitalization of approximately $21.26 billion and a 52-week trading range of $125.00 to $269.94.

Bombardier (OTCMKTS:BDRBF - Get Free Report) was upgraded by stock analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a report released on Monday, Zacks reports.

Other equities research analysts have also issued reports about the stock. Scotiabank reiterated an "outperform" rating on shares of Bombardier in a report on Thursday, July 16th. National Bank Financial reissued a "sector perform" rating on shares of Bombardier in a report on Tuesday, July 7th. BMO Capital Markets restated an "outperform" rating on shares of Bombardier in a research 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, TD Securities reiterated a "hold" rating on shares of Bombardier in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Bombardier currently has an average rating of "Moderate Buy" and a consensus price target of $263.00.

Bombardier Price Performance

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

Bombardier (OTCMKTS:BDRBF - Get Free Report) last announced 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 firm had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.12 billion. Bombardier had a negative return on equity of 75.69% and a net margin of 9.74%. As a group, sell-side analysts anticipate that Bombardier will post 10.15 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Bombardier stock. Sageworth Trust Co acquired a new position in Bombardier Inc. (OTCMKTS:BDRBF - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,327 shares of the company's stock, valued at approximately $234,000.

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.

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