Bombardier (OTCMKTS:BDRBF) Hits New 52-Week High – Should You Buy?

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BDRBF shares. Desjardins restated a “buy” rating on shares of Bombardier in a research note on Friday, May 1st. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Bombardier in a research report on Friday, May 1st. The Goldman Sachs Group lowered shares of Bombardier from a “neutral” rating to a “sell” rating in a research report on Monday, January 26th. TD Securities reaffirmed a “hold” rating on shares of Bombardier in a research report on Friday, May 1st. Finally, Scotiabank raised shares of Bombardier from a “sector perform” rating to an “outperform” rating 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $263.00.

Bombardier Price Performance

The firm has a market capitalization of $21.23 billion and a P/E ratio of 32.55. The business’s 50-day moving average is $188.48 and its 200 day moving average is $179.23.

Bombardier (OTCMKTS:BDRBF) last released its 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. 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 for the quarter, compared to analyst estimates of $1.64 billion. Analysts anticipate that Bombardier Inc. will post 8.25 EPS 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 purchased a new stake in shares of Bombardier Inc. (OTCMKTS:BDRBF) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 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.