Bombardier (OTCMKTS:BDRBF) Sets New 12-Month High – What’s Next?

Bombardier Inc. (OTCMKTS:BDRBFGet Free Report) shares reached a new 52-week high on Thursday . The company traded as high as $253.53 and last traded at $253.53, with a volume of 738 shares traded. The stock had previously closed at $250.00.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on BDRBF shares. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Bombardier in a research report on Friday, May 1st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Bombardier in a research report on Friday, May 1st. Desjardins reiterated a “buy” rating on shares of Bombardier in a research note on Friday, May 1st. TD Securities reissued a “hold” rating on shares of Bombardier in a report on Friday, May 1st. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Bombardier in a report on Friday, May 29th. Four 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $263.00.

Check Out Our Latest Stock Analysis on Bombardier

Bombardier Trading Up 1.1%

The stock has a 50 day simple moving average of $226.47 and a 200 day simple moving average of $200.30. The stock has a market cap of $25.62 billion and a P/E ratio of 39.30.

Bombardier (OTCMKTS:BDRBFGet Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.81 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.91. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Bombardier had a negative return on equity of 56.13% and a net margin of 9.73%. Equities analysts anticipate that Bombardier Inc. will post 8.25 earnings per share for the current year.

Institutional Inflows and Outflows

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

Bombardier Company Profile

(Get Free Report)

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.

Further Reading

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