Bombardier (OTCMKTS:BDRBF) Hits New 12-Month High - Here's Why

Key Points

• Bombardier shares reached a new 52-week high, trading as high as $269.94 before closing at $262.20, despite slipping about 1% during the session.
• Analysts remain mixed: four rate the stock a Buy, five a Hold and two a Sell, resulting in an overall “Hold” rating and an average price target of $263.
• Bombardier’s latest quarterly EPS of $1.81 significantly exceeded the $0.90 consensus estimate, although revenue of $1.60 billion fell slightly short of forecasts.

Shares of Bombardier Inc. (OTCMKTS:BDRBF - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $269.94 and last traded at $262.20, with a volume of 3641 shares trading hands. The stock had previously closed at $264.9150.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BDRBF. Canadian Imperial Bank of Commerce reiterated 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. TD Securities reaffirmed a "hold" rating on shares of Bombardier in a report on Friday, May 1st. Desjardins reiterated a "buy" rating on shares of Bombardier in a research report on Friday, May 1st. Finally, National Bank Financial reissued a "sector perform" rating on shares of Bombardier in a report on Tuesday, July 7th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $263.00.

Bombardier Trading Down 1.0%

The stock has a fifty day moving average of $229.30 and a two-hundred day moving average of $201.72. The stock has a market capitalization of $25.87 billion and a price-to-earnings ratio of 39.67.

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Bombardier stock. Sageworth Trust Co purchased a new position in shares of Bombardier Inc. (OTCMKTS:BDRBF - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 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.

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