Bombardier (TSE:BBD.A) Hits New 1-Year High – What’s Next?

Shares of Bombardier Inc. (TSE:BBD.A) hit a new 52-week high during trading on Monday . The stock traded as high as C$341.32 and last traded at C$339.35, with a volume of 5063 shares changing hands. The stock had previously closed at C$327.04.

Analyst Ratings Changes

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

Bombardier Stock Up 3.8%

The stock has a 50-day moving average price of C$296.38 and a 200 day moving average price of C$266.99. The firm has a market capitalization of C$33.48 billion, a price-to-earnings ratio of 37.58, a P/E/G ratio of 6.24 and a beta of 1.89.

Bombardier (TSE:BBD.A) last issued its quarterly earnings results on Thursday, April 30th. The company reported C$2.52 earnings per share (EPS) for the quarter. The firm had revenue of C$2.22 billion during the quarter. As a group, equities analysts forecast that Bombardier Inc. will post 8.9265677 earnings per share for the current fiscal year.

Bombardier Company Profile

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.