FNY Investment Advisers LLC Acquires New Position in Bombardier Inc. (OTCMKTS:BDRBF)

FNY Investment Advisers LLC purchased a new position in shares of Bombardier Inc. (OTCMKTS:BDRBF) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 115,500 shares of the company’s stock, valued at approximately $197,000.

Several research firms recently issued reports on BDRBF. The Goldman Sachs Group upgraded Bombardier from a “neutral” rating to a “buy” rating and set a $2.35 price target on the stock in a research report on Thursday, September 23rd. Scotiabank lifted their price objective on Bombardier from C$1.50 to C$1.75 and gave the stock a “sector perform” rating in a research report on Thursday, November 4th. National Bank Financial lifted their price objective on Bombardier from C$1.90 to C$2.50 and gave the stock an “outperform” rating in a research report on Thursday, October 7th. TD Securities lifted their price objective on Bombardier from C$2.75 to C$3.00 and gave the stock a “buy” rating in a research report on Friday, October 29th. Finally, Royal Bank of Canada lifted their price objective on Bombardier from C$2.00 to C$2.50 and gave the stock an “outperform” rating in a research report on Thursday, September 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $2.26.

OTCMKTS BDRBF opened at $1.47 on Thursday. Bombardier Inc. has a twelve month low of $0.31 and a twelve month high of $1.88. The stock’s 50 day moving average is $1.60 and its 200 day moving average is $1.27.

Bombardier (OTCMKTS:BDRBF) last announced its quarterly earnings data on Wednesday, October 27th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.01.

Bombardier Profile

Bombardier, Inc manufactures planes and trains. It operates through the following segments: Business Aircraft; Commercial Aircraft; Aerostructures and Engineering Services; and Transportation. The Business Aircraft segment designs, manufactures and provides aftermarket support for three families of business jets, spanning from the light to large categories.

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