Bombardier Inc. (OTCMKTS:BDRBF – Get Free Report)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $221.81 and last traded at $214.36, with a volume of 109 shares trading hands. The stock had previously closed at $214.56.
Wall Street Analyst Weigh In
Several equities analysts recently commented on BDRBF shares. UBS Group reissued a “neutral” rating on shares of Bombardier in a research note on Friday, February 13th. Desjardins reissued a “buy” rating on shares of Bombardier in a research note on Friday, May 1st. National Bank Financial downgraded shares of Bombardier from an “outperform” rating to a “sector perform” rating in a research note on Thursday, April 16th. The Goldman Sachs Group downgraded shares of Bombardier from a “neutral” rating to a “sell” rating in a research note on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Bombardier in a research note on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $263.00.
View Our Latest Stock Analysis on Bombardier
Bombardier Trading Up 0.3%
Bombardier (OTCMKTS:BDRBF – Get Free Report) last posted its earnings results on Thursday, April 30th. The company reported $1.81 EPS for the quarter, topping the consensus estimate of $0.90 by $0.91. Bombardier had a net margin of 9.73% and a negative return on equity of 56.13%. The business had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.64 billion. Analysts predict that Bombardier Inc. will post 8.25 EPS for the current year.
Institutional Investors Weigh In On Bombardier
An institutional investor recently bought a new position in Bombardier stock. Sageworth Trust Co bought a new position in shares of Bombardier Inc. (OTCMKTS:BDRBF – Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,327 shares of the company’s stock, valued at approximately $234,000.
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.
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