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

Bombardier Inc. (OTCMKTS:BDRBF)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $201.87 and last traded at $201.5599, with a volume of 5467 shares. The stock had previously closed at $196.57.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Canadian Imperial Bank of Commerce cut Bombardier from an “outperform” rating to a “neutral” rating in a research report on Tuesday, January 20th. Zacks Research upgraded shares of Bombardier to a “hold” rating in a research report on Tuesday, December 16th. National Bank Financial restated an “outperform” rating and set a $263.00 price objective on shares of Bombardier in a research report on Tuesday, December 2nd. The Goldman Sachs Group downgraded shares of Bombardier from a “neutral” rating to a “sell” rating in a report on Monday, January 26th. Finally, TD Securities restated a “hold” rating on shares of Bombardier in a report on Friday, February 13th. Three 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $263.00.

Bombardier Trading Up 1.4%

The business has a fifty day moving average price of $179.50 and a two-hundred day moving average price of $151.43.

Bombardier (OTCMKTS:BDRBF) last released its earnings results on Thursday, February 12th. The company reported $4.80 earnings per share for the quarter, beating the consensus estimate of $3.38 by $1.42. The business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.48 billion.

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.