In a report released on January 20, David E. Strauss from Barclays maintained a Sell rating on Bombardier (BDRBF – Research Report), with a price target of C$60.00. The company’s shares closed last Friday at $46.57.
E. Strauss covers the Technology sector, focusing on stocks such as Bombardier, Caci International, and General Dynamics. According to TipRanks, E. Strauss has an average return of 0.1% and a 56.48% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bombardier with a $51.73 average price target.
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Based on Bombardier’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.46 billion and a net profit of $27 million. In comparison, last year the company earned a revenue of $1.45 billion and had a GAAP net loss of $377 million
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Bombardier, Inc. manufactures planes and trains. It operates through the following segments: Business Aircraft; Commercial Aircraft; Aerostructures and Engineering Services; and Transportation. The Business Aircraft segment designs, manufactures and provides aftermarket support for three families of business jets, spanning from the light to large categories. The Commercial Aircraft segment designs and manufactures a portfolio of commercial aircrafts. The Aerostructures and Engineering Services segment designs and manufactures major aircraft structural components such as engine nacelles, fuselages and wings and provides aftermarket component repair and overhaul as well as other engineering services for both internal and external clients. The Transportation segment offers product range and services to the rail industry and covers the full spectrum of rail solutions such as complete trains to subsystems, services, system integration, signaling, and e-mobility solutions. The company was founded on June 19, 1902 and is headquartered in Montreal, Canada.
Read More on BDRBF:
- Bombardier Announces Closing of its New Issuance of Senior Notes due 2029
- Bombardier price target raised to C$75 from C$65 at BMO Capital
- Bombardier price target raised to C$67 from C$65 at National Bank
- Bombardier price target raised to C$75 from C$55 at Scotiabank
- Bombardier Increases the Maximum Amount Sought Under its Cash Tender Offer Previously Announced Today