The aerospace and transportation manufacturing industry has been expanding rapidly in recent years, with Bombardier, Inc. Class B (TSE:BBD.B) at the forefront of innovation and growth. As of April 11, 2023, Bloomberg reports that fifteen ratings firms have issued a consensus rating of “Moderate Buy” for the company’s stock.
Bombardier, Inc. is a leading Canadian multinational conglomerate that operates in four main business segments: transportation, business aircraft, commercial aircraft, and aerostructures and engineering services. The company has made significant strides in these industries over the past few years and continues to demonstrate impressive financial performance.
The consensus rating from the fifteen ratings firms that currently cover Bombardier, Inc.’s stock indicates a generally positive sentiment towards the company. Two analysts have issued a hold recommendation on the stock; however, four analysts have assigned buy recommendations to Bombardier. This suggests that most investment professionals believe that now could be an opportune time to invest in Bombardier’s future success.
One noteworthy piece of information from Bloomberg’s report is the average 12-month price target among analysts who have covered the stock in the past year: C$73.40. This figure represents potential growth of approximately 15% over current prices as of April 11, 2023 – all while indicative of continued positive prospects ahead for this leading corporation operating across multiple sectors.
Overall, this signals that there is still plenty of confidence in Bombardier’s ability to thrive given its ample range of diversified interests within these demanding commercial environments. While individual investors are encouraged to seek independent advice about their investing goals/goals regardless if they are altruistic or not – it appears that investment professionals’ long-term outlook remains quite robust with respect to how they may allocate their capital towards shares in this promising enterprise.
Market Experts Provide Insights and Upgraded Price Targets for Bombardier, Inc.
As of April 11, 2023, Bombardier, Inc. Class B (&BBD.B) has been the topic of various research reports by notable market analysts such as BMO Capital Markets, Barclays, Royal Bank of Canada, TD Securities and CIBC. These experts have provided various insights on the company’s market performance and potential for growth.
BMO Capital Markets’ report revealed that they have upgraded their price target on Bombardier’s Class B shares from C$80.00 to C$85.00. Meanwhile, Barclays raised their price target on shares from C$60.00 to C$70.00 recently; Royal Bank of Canada upped their price objective from C$89.00 to C$100 in March while granting an outperform rating to the company; TD Securities gave the company a buy rating and upped their target price from
C$79.00 to C$83.00 back in February; lastly, CIBC changed its previous neutral rating on Bombardier from a price target of C$65.00 to
Bombardier’s stock traded at C$69.53 when markets opened on Tuesday with a market cap value of CAD5.72 billion along with an immense beta value of 3:03 which may indicate its high-risk nature within this volatile transportation equipment sector.
As for Bombardier itself, it is no stranger to innovation and industry leadership as one would expect given its almost 121-year history during which it experienced significant growth and expansion into becoming one of the world’s most trusted manufacturers and distributors of superior transportation equipment across several continents.
The manufacturing giant produces state-of-the-art vehicles ranging from jets to high-speed trains with the aim of accelerating economic progress worldwide via safe and environmentally conscious means.
Given these reports along with Bombardier’s notable place in transportation equipment manufacturing history—it is certainly worth consideration by both seasoned and novice investors alike.