Bombardier (OTCMKTS:BDRBF) Hits New 12-Month High - Time to Buy?

Key Points

• 52-week high: Bombardier hit a new 52-week high of $219.38 (last $215.05) and trades with a market cap of $21.31 billion and a PE ratio of 44.84.
• Analysts are mixed with an average "Hold" rating and a consensus target of $263; the breakdown is 4 Buys, 5 Holds and 2 Sells.
• EPS beat: Bombardier reported $1.81 EPS vs. $0.90 expected (revenue $1.60B vs. $1.64B est.), alongside a negative ROE of 56.13% but a net margin of 9.73%.

Bombardier Inc. (OTCMKTS:BDRBF - Get Free Report) hit a new 52-week high on Thursday . The company 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

A number of equities research analysts have weighed in on the company. TD Securities reaffirmed a "hold" rating on shares of Bombardier in a research report on Friday, May 1st. The Goldman Sachs Group downgraded Bombardier from a "neutral" rating to a "sell" rating in a report on Monday, January 26th. BMO Capital Markets reiterated an "outperform" rating on shares of Bombardier in a report on Friday, May 1st. Scotiabank upgraded Bombardier from a "sector perform" rating to an "outperform" rating in a report on Friday, May 1st. Finally, UBS Group reiterated a "neutral" rating on shares of Bombardier in a report on Friday, February 13th. Four research 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. Based on data from MarketBeat, Bombardier has an average rating of "Hold" and a consensus target price of $263.00.

Bombardier Stock Performance

The company has a 50 day moving average of $185.86 and a two-hundred day moving average of $173.42. The stock has a market capitalization of $21.31 billion and a PE ratio of 44.84.

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

Institutional Trading of 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 - Free Report) during the 1st quarter, according to the company in its most recent filing 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.

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