Analysts Set Bombardier Inc. (OTCMKTS:BDRBF) PT at $263.00

Bombardier Inc. (OTCMKTS:BDRBF) has been given an average recommendation of “Hold” by the ten ratings firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $263.00.

A number of brokerages have recently issued reports on BDRBF. Zacks Research upgraded shares of Bombardier to a “hold” rating in a research note on Tuesday, December 16th. TD Securities reaffirmed a “hold” rating on shares of Bombardier in a report on Friday, February 13th. Canadian Imperial Bank of Commerce lowered Bombardier from an “outperform” rating to a “neutral” rating in a research report on Tuesday, January 20th. National Bank Financial reiterated an “outperform” rating and issued a $263.00 price target on shares of Bombardier in a report on Tuesday, December 2nd. Finally, UBS Group reissued a “neutral” rating on shares of Bombardier in a research report on Friday, February 13th.

Bombardier Stock Up 1.9%

Shares of BDRBF opened at $180.75 on Friday. The firm has a market cap of $17.93 billion and a price-to-earnings ratio of 37.66. The business’s 50 day moving average is $186.06 and its two-hundred day moving average is $159.91. Bombardier has a 52-week low of $50.77 and a 52-week high of $206.36.

Bombardier (OTCMKTS:BDRBF) last released its quarterly earnings results on Thursday, February 12th. The company reported $4.80 earnings per share for the quarter, topping analysts’ consensus estimates of $3.38 by $1.42. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.48 billion. Bombardier had a net margin of 9.72% and a negative return on equity of 43.88%.

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.