Bombardier (OTCMKTS:BDRBF) Sets New 12-Month High – Still a Buy?

Bombardier Inc. (OTCMKTS:BDRBF) 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.

Wall Street Analyst Weigh In

BDRBF has been the topic of several recent analyst reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Bombardier in a research note on Friday, May 1st. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Bombardier in a research note on Friday, May 1st. BMO Capital Markets reaffirmed an “outperform” rating on shares of Bombardier in a report on Friday, May 29th. Scotiabank reiterated an “outperform” rating on shares of Bombardier in a research report on Thursday, July 16th. Finally, Desjardins reissued a “buy” rating on shares of Bombardier in a report on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $263.00.

Bombardier Trading Up 2.1%

The stock has a market capitalization of $25.19 billion and a P/E ratio of 38.63. The business has a 50-day moving average price of $223.84 and a 200 day moving average price of $199.30.

Bombardier (OTCMKTS:BDRBF) last posted its earnings results on Thursday, April 30th. The company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.91. Bombardier had a net margin of 9.73% and a negative return on equity of 56.13%. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.64 billion. On average, sell-side analysts predict 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 position in Bombardier stock. Sageworth Trust Co bought a new position in Bombardier Inc. (OTCMKTS:BDRBF) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 1,327 shares of the company’s stock, valued at approximately $234,000.

Bombardier Company Profile

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.