Bombardier (OTCMKTS:BDRBF) Hits New 12-Month High – Should You Buy?

Bombardier Inc. (OTCMKTS:BDRBF)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $221.81 and last traded at $214.36, with a volume of 109 shares traded. The stock had previously closed at $214.56.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of Bombardier in a research report on Friday, May 1st. BMO Capital Markets reiterated 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 report on Friday, May 1st. Scotiabank upgraded Bombardier from a “sector perform” rating to an “outperform” rating in a research report on Friday, May 1st. Finally, National Bank Financial downgraded Bombardier from an “outperform” rating to a “sector perform” rating in a research report on Thursday, April 16th. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Bombardier currently has an average rating of “Hold” and a consensus target price of $263.00.

Bombardier Stock Down 0.9%

The stock has a market cap of $20.76 billion and a PE ratio of 31.84. The firm has a 50 day moving average price of $189.77 and a 200 day moving average price of $180.24.

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

Hedge Funds Weigh In On Bombardier

A hedge fund recently bought a new stake in Bombardier stock. Sageworth Trust Co bought a new stake in Bombardier Inc. (OTCMKTS:BDRBF) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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.