Bombardier (OTCMKTS:BDRBF) Trading Down 6.6% - What's Next?

Key Points

• Bombardier shares fell 6.6% to $230.24 in thin trading, with volume down 92% from the average session.
• Analyst sentiment remains mixed: four analysts rate the stock a Buy, five a Hold and one a Sell, producing a consensus Hold rating and an average price target of $263.
• Bombardier’s latest quarterly results exceeded expectations, with EPS of $2.50 versus the $1.32 estimate and revenue of $2.15 billion against forecasts of $2.12 billion.

Shares of Bombardier Inc. (OTCMKTS:BDRBF - Get Free Report) fell 6.6% on Monday . The company traded as low as $229.23 and last traded at $230.24. 1,818 shares were traded during mid-day trading, a decline of 92% from the average session volume of 22,305 shares. The stock had previously closed at $246.57.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Canadian Imperial Bank of Commerce reissued a "neutral" rating on shares of Bombardier in a research report on Friday, May 1st. Scotiabank reissued an "outperform" rating on shares of Bombardier in a research report on Thursday, July 16th. TD Securities restated a "hold" rating on shares of Bombardier in a report on Friday, July 31st. BMO Capital Markets reiterated an "outperform" rating on shares of Bombardier in a research note on Friday, July 31st. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Bombardier in a research report on Friday, July 31st. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $263.00.

Bombardier Trading Down 7.0%

The business's fifty day moving average is $239.59 and its 200 day moving average is $209.85. The company has a market cap of $22.61 billion and a P/E ratio of 25.16.

Bombardier (OTCMKTS:BDRBF - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $1.18. The firm had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.12 billion. Bombardier had a negative return on equity of 65.10% and a net margin of 9.74%. As a group, research analysts expect that Bombardier Inc. will post 10.15 EPS for the current fiscal year.

Institutional Trading of Bombardier

An institutional investor recently bought a new position 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 disclosure with the Securities and Exchange Commission. The firm 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.

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