Bombardier Inc. (OTCMKTS:BDRBF) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Broker consensus is “Hold”: Of 10 analysts covering Bombardier, five recommend holding, four recommend buying and one recommends selling. The average 12-month price target is $263.
• Quarterly results exceeded expectations: Bombardier reported earnings of $2.50 per share versus the $1.32 consensus estimate, while revenue of $2.15 billion topped forecasts of $2.12 billion.
• Shares remain near their annual high: The stock opened at $246.47, compared with a 52-week range of $103.87 to $269.94, and has a market capitalization of approximately $24.31 billion.

Bombardier Inc. (OTCMKTS:BDRBF - Get Free Report) has been given a consensus recommendation of "Hold" by the ten ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $263.00.

A number of equities analysts have recently weighed in on BDRBF shares. Scotiabank reiterated an "outperform" rating on shares of Bombardier in a report on Thursday, July 16th. BMO Capital Markets reissued 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 report on Friday, July 31st. TD Securities reissued a "hold" rating on shares of Bombardier in a research report on Friday, July 31st. Finally, National Bank Financial reaffirmed a "sector perform" rating on shares of Bombardier in a research report on Tuesday, July 7th.

Bombardier Stock Up 0.6%

OTCMKTS:BDRBF opened at $246.47 on Tuesday. The stock has a fifty day simple moving average of $235.08 and a 200 day simple moving average of $205.72. The firm has a market capitalization of $24.31 billion and a price-to-earnings ratio of 27.05. Bombardier has a 1-year low of $103.87 and a 1-year high of $269.94.

Bombardier (OTCMKTS:BDRBF - Get Free Report) last released its quarterly 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 business had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.12 billion. Bombardier had a net margin of 9.74% and a negative return on equity of 65.10%. Equities analysts predict that Bombardier will post 8.25 earnings per share for the current year.

Institutional Inflows and Outflows

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

About Bombardier

Bombardier Inc is a Canadian multinational manufacturer specializing in business aircraft. Founded in 1942 by Joseph-Armand Bombardier and headquartered in Montréal, Québec, the company has evolved from its origins in snow vehicles to a focused aviation enterprise. Today, Bombardier designs, manufactures and markets a range of business jets under the Learjet, Challenger and Global series, serving corporate, government and private customers worldwide.

The company’s product portfolio includes light, mid-size and large-cabin jets, complemented by completion, refurbishment and aftermarket support services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source