Bombardier (OTCMKTS:BDRBF) Sets New 12-Month High – Here’s What Happened

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

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Canadian Imperial Bank of Commerce downgraded Bombardier from an “outperform” rating to a “neutral” rating in a report on Tuesday, January 20th. The Goldman Sachs Group cut shares of Bombardier from a “neutral” rating to a “sell” rating in a report on Monday, January 26th. Scotiabank lowered Bombardier from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 21st. Zacks Research raised Bombardier to a “hold” rating in a research report on Tuesday, December 16th. Finally, TD Securities restated a “hold” rating on shares of Bombardier in a research note on Friday, February 13th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Bombardier currently has an average rating of “Hold” and a consensus price target of $263.00.

Bombardier Price Performance

The stock’s 50-day moving average price is $177.88 and its 200 day moving average price is $150.49.

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