Bombardier (OTCMKTS:BDRBF) Lowered to “Sector Perform” Rating by National Bank Financial

National Bank Financial cut shares of Bombardier (OTCMKTS:BDRBF) from an outperform rating to a sector perform rating in a report issued on Thursday morning, Marketbeat reports.

Other research analysts have also issued reports about the company. TD Securities restated a “hold” rating on shares of Bombardier in a research note on Friday, February 13th. BMO Capital Markets restated an “outperform” rating on shares of Bombardier in a research note on Wednesday, January 21st. The Goldman Sachs Group lowered Bombardier from a “neutral” rating to a “sell” rating in a research note on Monday, January 26th. Canadian Imperial Bank of Commerce lowered Bombardier from an “outperform” rating to a “neutral” rating in a research note on Tuesday, January 20th. Finally, UBS Group restated a “neutral” rating on shares of Bombardier in a research note on Friday, February 13th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Bombardier presently has a consensus rating of “Hold” and a consensus target price of $263.00.

Bombardier Stock Down 3.0%

Shares of BDRBF stock opened at $189.98 on Thursday. Bombardier has a 12 month low of $58.91 and a 12 month high of $206.36. The firm has a market cap of $18.81 billion and a PE ratio of 39.58. The stock has a 50 day moving average of $185.35 and a 200-day moving average of $168.65.

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