Bombardier (TSE:BBD.A) Hits New 12-Month High – Time to Buy?

Bombardier Inc. (TSE:BBD.A)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as C$329.16 and last traded at C$324.87, with a volume of 9362 shares trading hands. The stock had previously closed at C$310.57.

Wall Street Analyst Weigh In

Separately, Scotia lifted their target price on Bombardier from C$305.00 to C$330.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$330.00.

Bombardier Price Performance

The stock has a 50 day moving average price of C$269.54 and a two-hundred day moving average price of C$252.70. The firm has a market capitalization of C$32.01 billion, a price-to-earnings ratio of 35.94, a PEG ratio of 6.24 and a beta of 1.92.

Bombardier (TSE:BBD.A) last issued its quarterly earnings data on Thursday, April 30th. The company reported C$2.52 earnings per share for the quarter. The firm had revenue of C$2.22 billion during the quarter. As a group, research analysts expect that Bombardier Inc. will post 8.9265677 earnings per share for the current fiscal year.

Bombardier Company Profile

At Bombardier (BBD-B.TO), we design, build, modify and maintain the world’s best-performing aircraft for the world’s most discerning people and businesses, governments and militaries. That means not simply exceeding standards, but understanding customers well enough to anticipate their unspoken needs. For them, we are committed to pioneering the future of aviation – innovating to make flying more reliable, efficient and sustainable. And we are passionate about delivering unrivaled craftsmanship and care, giving our customers greater confidence and the elevated experience they deserve and expect.