National Bank analyst Cameron Doerksen maintained a Buy rating on Bombardier (BDRBF – Research Report) today and set a price target of C$93.00. The company’s shares opened today at $41.21.
Doerksen covers the Industrials sector, focusing on stocks such as Cargojet, Canadian National Railway, and Canadian Pacific. According to TipRanks, Doerksen has an average return of 9.3% and a 51.53% success rate on recommended stocks.
Currently, the analyst consensus on Bombardier is a Moderate Buy with an average price target of $61.18, representing a 48.46% upside. In a report released yesterday, BMO Capital also assigned a Buy rating to the stock with a C$85.00 price target.
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BDRBF market cap is currently $3.97B and has a P/E ratio of 8.13.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BDRBF in relation to earlier this year.
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Bombardier (BDRBF) Company Description:
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 Firm Order for 12 Challenger 3500 Jets
- Bombardier announces firm order for 12 Challenger 3500 jets
- Bombardier Celebrates Delivery of First Challenger 3500 Business Jet in Turkey to Long-Time Customer Arkasair
- Bombardier announces delivery of first Challenger 3500 jet in Turkey
- Bombardier Completes Redemption for All of its 7.50% Senior Notes due 2025
