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

Key Points

• Analyst consensus is “Moderate Buy”, with five buy ratings, one strong buy, three holds and one sell. The average 12-month price target is $263.00.
• Bombardier shares opened at $233.29, compared with a 52-week range of $134.35 to $269.94, giving the company a market capitalization of approximately $23.14 billion.
• The company reported quarterly EPS of $2.50, beating the $1.32 analyst consensus, while revenue of $2.15 billion modestly exceeded estimates of $2.12 billion.

Shares of Bombardier Inc. (OTCMKTS:BDRBF - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the ten research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $263.00.

Several brokerages have recently issued reports on BDRBF. National Bank Financial raised Bombardier from a "sector perform" rating to an "outperform" rating in a research note on Thursday, October 15th. Scotiabank reiterated an "outperform" rating on shares of Bombardier in a research report on Thursday, October 15th. TD Securities reiterated a "hold" rating on shares of Bombardier in a research report on Friday, July 31st. BMO Capital Markets reissued an "outperform" rating on shares of Bombardier in a research note on Friday, July 31st. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of Bombardier in a report on Friday, July 31st.

Bombardier Price Performance

BDRBF stock opened at $233.29 on Friday. The company has a 50 day moving average price of $223.73 and a 200 day moving average price of $221.26. Bombardier has a fifty-two week low of $134.35 and a fifty-two week high of $269.94. The stock has a market capitalization of $23.14 billion and a PE ratio of 25.61.

Bombardier (OTCMKTS:BDRBF - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $2.50 EPS for the quarter, beating analysts' consensus estimates 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 75.69% and a net margin of 9.74%. As a group, equities analysts expect that Bombardier will post 10.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bombardier

An institutional investor recently bought a new position in Bombardier stock. Sageworth Trust Co acquired a new stake in 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 institutional investor acquired 1,327 shares of the company's stock, valued at approximately $234,000.

Bombardier Company Profile

Bombardier Inc is a Canadian aerospace company focused on the design, manufacture and support of business aircraft. Its portfolio includes the Challenger family of super-midsize and large-cabin jets and the Global family of long-range business jets. The company also provides aircraft maintenance, refurbishment, parts, training and other aftermarket services through its worldwide support network.

Founded in 1942 by Joseph-Armand Bombardier, the company originally developed snowmobiles before expanding into transportation and aerospace.

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