Bombardier Inc. (OTCMKTS:BDRBF) Stock Has Consensus Target Price of $263.00

Key Points

• Analysts have a consensus “Hold” rating on Bombardier, with five holds, four buys and one sell among 10 covering firms. The average 12-month price target is $263.00.
• Bombardier reported quarterly EPS of $2.50, beating the $1.32 consensus estimate, while revenue of $2.15 billion also exceeded expectations.
• The stock opened at $226.11, with a $22.42 billion market capitalization and a 12-month trading range of $125.00 to $269.94.

Shares of Bombardier Inc. (OTCMKTS:BDRBF - Get Free Report) have earned a consensus recommendation of "Hold" from the ten ratings firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $263.00.

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

Bombardier Stock Down 0.2%

Bombardier stock opened at $226.11 on Wednesday. The stock has a market cap of $22.42 billion and a price-to-earnings ratio of 24.82. Bombardier has a 12-month low of $125.00 and a 12-month high of $269.94. The business's 50-day simple moving average is $235.72 and its 200 day simple moving average is $216.30.

Bombardier (OTCMKTS:BDRBF - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate 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 negative return on equity of 75.69% and a net margin of 9.74%. As a group, sell-side analysts expect that Bombardier will post 10.15 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Bombardier stock. Sageworth Trust Co purchased a new position in shares of Bombardier Inc. (OTCMKTS:BDRBF - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 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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