Bombardier (OTCMKTS:BDRBF) Reaches New 52-Week High – Still a Buy?

Bombardier Inc. (OTCMKTS:BDRBFGet Free Report) hit a new 52-week high on Wednesday . The company traded as high as $269.94 and last traded at $262.20, with a volume of 3641 shares. The stock had previously closed at $264.9150.

Wall Street Analyst Weigh In

Several analysts have recently commented on BDRBF shares. National Bank Financial reissued a “sector perform” rating on shares of Bombardier in a research note on Tuesday, July 7th. Royal Bank Of Canada restated an “outperform” rating on shares of Bombardier in a research report on Friday, May 1st. TD Securities reaffirmed a “hold” rating on shares of Bombardier in a report on Friday, May 1st. Scotiabank reiterated an “outperform” rating on shares of Bombardier in a research report on Thursday, July 16th. Finally, Desjardins reiterated a “buy” rating on shares of Bombardier in a research report on Friday, May 1st. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Bombardier presently has an average rating of “Hold” and an average price target of $263.00.

Read Our Latest Report on Bombardier

Bombardier Trading Down 1.0%

The stock has a market capitalization of $25.87 billion and a P/E ratio of 39.67. The company has a fifty day simple moving average of $229.30 and a two-hundred day simple moving average of $201.72.

Bombardier (OTCMKTS:BDRBFGet Free Report) last issued its earnings results on Thursday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.64 billion. As a group, analysts forecast that Bombardier Inc. will post 8.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bombardier

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

About Bombardier

(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.

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