Bombardier (OTCMKTS:BDRBF) Shares Gap Up - What's Next?

Key Points

• Bombardier shares opened sharply higher, rising from $244.92 to $255.00 and last trading at $258.75 on volume of 903 shares.
• Analyst sentiment remains mixed, with a consensus “Hold” rating from ten analysts and an average price target of $263.00; four analysts rate the stock a Buy, five a Hold, and one a Sell.
• Bombardier exceeded quarterly expectations, reporting EPS of $2.50 versus the $1.32 consensus and revenue of $2.15 billion versus estimates of $2.12 billion. The company has a $24.86 billion market capitalization and a 27.66 price-to-earnings ratio.

Bombardier Inc. (OTCMKTS:BDRBF - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $244.9150, but opened at $255.00. Bombardier shares last traded at $258.75, with a volume of 903 shares.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BDRBF. BMO Capital Markets reissued an "outperform" rating on shares of Bombardier in a report on Friday, July 31st. Canadian Imperial Bank of Commerce reaffirmed a "neutral" rating on shares of Bombardier in a report on Friday, May 1st. TD Securities reaffirmed a "hold" rating on shares of Bombardier in a report on Friday, July 31st. Royal Bank Of Canada reiterated an "outperform" rating on shares of Bombardier in a research report on Friday, July 31st. Finally, National Bank Financial reissued a "sector perform" rating on shares of Bombardier in a research note on Tuesday, July 7th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Bombardier presently has a consensus rating of "Hold" and an average target price of $263.00.

Bombardier Trading Down 1.4%

The company's 50-day simple moving average is $236.63 and its 200-day simple moving average is $207.38. The stock has a market capitalization of $24.86 billion and a price-to-earnings ratio of 27.66.

Bombardier (OTCMKTS:BDRBF - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $2.50 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $1.18. Bombardier had a net margin of 9.74% and a negative return on equity of 65.10%. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.12 billion. On average, equities research analysts expect that Bombardier Inc. will post 8.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

Bombardier Company Profile

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.

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