Bombardier (OTCMKTS:BDRBF) Reaches New 1-Year High – Here’s What Happened

Bombardier Inc. (OTCMKTS:BDRBF) reached a new 52-week high during trading on Thursday . The stock traded as high as $219.38 and last traded at $215.05, with a volume of 466 shares changing hands. The stock had previously closed at $217.34.

Analysts Set New Price Targets

Several research analysts have recently commented on BDRBF shares. Desjardins reaffirmed a “buy” rating on shares of Bombardier in a report on Friday, May 1st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Bombardier in a report on Friday, May 1st. Scotiabank raised shares of Bombardier from a “sector perform” rating to an “outperform” rating in a report on Friday, May 1st. UBS Group reaffirmed a “neutral” rating on shares of Bombardier in a report on Friday, February 13th. Finally, The Goldman Sachs Group lowered shares of Bombardier from a “neutral” rating to a “sell” rating in a report on Monday, January 26th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $263.00.

Bombardier Stock Performance

The business’s 50 day simple moving average is $186.15 and its 200-day simple moving average is $173.98. The stock has a market capitalization of $20.98 billion and a price-to-earnings ratio of 32.07.

Bombardier (OTCMKTS:BDRBF) last posted its earnings results on Thursday, April 30th. The company reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.91. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.64 billion. Bombardier had a net margin of 9.73% and a negative return on equity of 56.13%. As a group, sell-side analysts expect that Bombardier Inc. will post 8.25 EPS for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Bombardier stock. Sageworth Trust Co bought a new stake in shares of Bombardier Inc. (OTCMKTS:BDRBF) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,327 shares of the company’s stock, valued at approximately $234,000.

About Bombardier

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.