TD Securities analyst Tim James maintained a Hold rating on Bombardier (BDRBF – Research Report) today and set a price target of C$0.70. The company’s shares closed last Monday at $0.37, close to its 52-week low of $0.27.
According to TipRanks.com, James is ranked #3495 out of 6169 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Bombardier with a $0.95 average price target, which is a 141.7% upside from current levels. In a report issued on March 16, Raymond James also downgraded the stock to Hold.
Based on Bombardier’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.21 billion and GAAP net loss of $1.77 billion. In comparison, last year the company earned revenue of $4.3 billion and had a net profit of $15 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.