Bombardier (TSE:BBD.A) Sets New 12-Month High – Still a Buy?

Bombardier Inc. (TSE:BBD.A – Get Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as C$339.84 and last traded at C$329.76, with a volume of 3446 shares. The stock had previously closed at C$326.70.

Analyst Ratings Changes

Separately, Scotia increased their target price on Bombardier from C$305.00 to C$330.00 and gave the company a “sector outperform” rating in a report on Thursday, May 28th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$330.00.

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Bombardier Trading Up 1.3%

The company’s 50 day moving average price is C$289.71 and its two-hundred day moving average price is C$263.20. The firm has a market cap of C$32.65 billion, a PE ratio of 36.66, a PEG ratio of 6.24 and a beta of 1.94.

Bombardier (TSE:BBD.A – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The company reported C$2.52 earnings per share (EPS) for the quarter. The company had revenue of C$2.22 billion for the quarter. Equities research analysts expect that Bombardier Inc. will post 8.9265677 earnings per share for the current fiscal year.

Bombardier Company Profile

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At Bombardier (BBD-B.TO), we design, build, modify and maintain the world’s best-performing aircraft for the world’s most discerning people and businesses, governments and militaries. That means not simply exceeding standards, but understanding customers well enough to anticipate their unspoken needs. For them, we are committed to pioneering the future of aviation – innovating to make flying more reliable, efficient and sustainable. And we are passionate about delivering unrivaled craftsmanship and care, giving our customers greater confidence and the elevated experience they deserve and expect.

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