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

Shares of Bombardier Inc. (OTCMKTS:BDRBF) have earned a consensus rating of “Hold” from the ten ratings firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $263.00.

Several equities analysts have recently issued reports on the stock. Zacks Research raised shares of Bombardier to a “hold” rating in a research note on Tuesday, December 16th. UBS Group reaffirmed a “neutral” rating on shares of Bombardier in a research note on Friday, February 13th. Scotiabank cut shares of Bombardier from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 21st. Canadian Imperial Bank of Commerce lowered Bombardier from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 20th. Finally, TD Securities reissued a “hold” rating on shares of Bombardier in a research note on Friday, February 13th.

Bombardier Stock Performance

BDRBF opened at $186.57 on Wednesday. Bombardier has a one year low of $56.26 and a one year high of $206.36. The stock’s fifty day moving average is $183.82 and its 200-day moving average is $167.08. The company has a market capitalization of $18.47 billion and a PE ratio of 38.87.

Bombardier (OTCMKTS:BDRBF) last posted its quarterly earnings data on Thursday, February 12th. The company reported $4.80 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 the consensus estimate of $3.48 billion. Bombardier had a negative return on equity of 43.88% and a net margin of 9.72%.

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.