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

Bombardier Inc. (OTCMKTS:BDRBF) has earned a consensus rating of “Hold” from the eleven research firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $263.00.

Several brokerages have recently weighed in on BDRBF. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Bombardier in a report on Friday, May 1st. BMO Capital Markets restated an “outperform” rating on shares of Bombardier in a report on Friday, May 29th. National Bank Financial reaffirmed a “sector perform” rating on shares of Bombardier in a research report on Tuesday, July 7th. Scotiabank reaffirmed an “outperform” rating on shares of Bombardier in a research report on Thursday. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Bombardier in a research note on Friday, May 1st.

Institutional Trading of Bombardier

A hedge fund recently bought a new stake in Bombardier stock. Sageworth Trust Co bought a new position in Bombardier Inc. (OTCMKTS:BDRBF) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,327 shares of the company’s stock, valued at approximately $234,000.

Bombardier Stock Performance

Bombardier stock opened at $239.25 on Friday. The firm has a market capitalization of $23.60 billion and a P/E ratio of 36.20. The stock has a fifty day moving average price of $220.86 and a 200 day moving average price of $197.66. Bombardier has a 52 week low of $103.87 and a 52 week high of $253.51.

Bombardier (OTCMKTS:BDRBF) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.91. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.64 billion. Bombardier had a negative return on equity of 56.13% and a net margin of 9.73%. As a group, equities analysts predict that Bombardier will post 8.25 EPS for the current year.

Bombardier Company Profile

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.