Bombardier Inc. (OTCMKTS:BDRBF) Receives Average Rating of "Hold" from Brokerages

Key Points

• Analyst consensus is “Hold”: Among 10 brokerages, one rates Bombardier a sell, five rate it a hold and four recommend buying. The average 12-month price target is $263.
• Bombardier beat quarterly expectations: The company reported quarterly EPS of $2.50 versus the $1.32 consensus estimate, while revenue of $2.15 billion modestly exceeded expectations of $2.12 billion.
• Shares showed mixed valuation and momentum indicators: Bombardier opened at $228, with a market capitalization of $22.49 billion and a P/E ratio of 25.03; its 50-day moving average was $240.54 compared with a 200-day average of $212.81.

Shares of Bombardier Inc. (OTCMKTS:BDRBF - Get Free Report) have been given an average recommendation of "Hold" by the ten research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $263.00.

Several equities analysts recently commented on the stock. Royal Bank Of Canada reissued an "outperform" rating on shares of Bombardier in a research note on Friday, July 31st. National Bank Financial reiterated a "sector perform" rating on shares of Bombardier in a report on Tuesday, July 7th. Scotiabank reaffirmed an "outperform" rating on shares of Bombardier in a report on Thursday, July 16th. TD Securities reiterated a "hold" rating on shares of Bombardier in a research report on Friday, July 31st. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Bombardier in a report on Friday, July 31st.

Bombardier Trading Up 3.4%

Shares of Bombardier stock opened at $228.00 on Friday. The company has a 50 day moving average of $240.54 and a 200-day moving average of $212.81. The company has a market cap of $22.49 billion and a PE ratio of 25.03. Bombardier has a 1-year low of $103.87 and a 1-year high of $269.94.

Bombardier (OTCMKTS:BDRBF - Get Free Report) last posted 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. The company had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $2.12 billion. Bombardier had a negative return on equity of 75.69% and a net margin of 9.74%. Research analysts forecast that Bombardier will post 10.15 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Bombardier stock. Sageworth Trust Co acquired a new position in shares of Bombardier Inc. (OTCMKTS:BDRBF - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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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