Bombardier (OTCMKTS:BDRBF) Shares Gap Down – Time to Sell?

Bombardier Inc. (OTCMKTS:BDRBF) shares gapped down prior to trading on Thursday . The stock had previously closed at $185.1065, but opened at $165.06. Bombardier shares last traded at $177.00, with a volume of 1,638 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Scotiabank lowered shares of Bombardier from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 21st. UBS Group reissued a “neutral” rating on shares of Bombardier in a research note on Friday, February 13th. TD Securities restated a “hold” rating on shares of Bombardier in a report on Friday, February 13th. The Goldman Sachs Group cut shares of Bombardier from a “neutral” rating to a “sell” rating in a research report on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce downgraded shares of Bombardier from an “outperform” rating to a “neutral” rating in a report on Tuesday, January 20th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Bombardier has a consensus rating of “Hold” and a consensus target price of $263.00.

Bombardier Stock Performance

The company has a market capitalization of $17.52 billion and a PE ratio of 36.88. The business has a fifty day moving average of $183.41 and a 200 day moving average of $165.21.

Bombardier (OTCMKTS:BDRBF) last issued its quarterly earnings results on Thursday, February 12th. The company reported $4.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.38 by $1.42. The company had revenue of $3.69 billion for the quarter, compared to analyst estimates 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.