Bombardier (OTCMKTS:BDRBF) Reaches New 12-Month High – What’s Next?

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

Analyst Ratings Changes

A number of research firms have recently weighed in on BDRBF. Canadian Imperial Bank of Commerce lowered shares of Bombardier from an “outperform” rating to a “neutral” rating in a research report on Tuesday, January 20th. National Bank Financial restated an “outperform” rating and set a $263.00 price objective on shares of Bombardier in a research note on Tuesday, December 2nd. The Goldman Sachs Group lowered shares of Bombardier from a “neutral” rating to a “sell” rating in a report on Monday, January 26th. TD Securities restated a “hold” rating on shares of Bombardier in a report on Friday, February 13th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Bombardier in a research note on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given 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 price target of $263.00.

Bombardier Trading Up 2.5%

The stock has a fifty day moving average price of $177.88 and a two-hundred day moving average price of $150.49.

Bombardier (OTCMKTS:BDRBF) last announced 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 the consensus estimate of $3.48 billion.

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.