CIBC Keeps Their Hold Rating on Bombardier (BDRBF)

CIBC analyst Kevin Chiang maintained a Hold rating on Bombardier (BDRBF – Research Report) today and set a price target of C$67.00. The company’s shares opened today at $45.25.

According to TipRanks, Chiang is a 4-star analyst with an average return of 3.9% and a 55.40% success rate. Chiang covers the Industrials sector, focusing on stocks such as Canadian Pacific Kansas City, Canadian National Railway, and Bombardier.

Bombardier has an analyst consensus of Moderate Buy, with a price target consensus of $57.06.

Based on Bombardier’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.06 billion and a net profit of $215 million. In comparison, last year the company earned a revenue of $1.1 billion and had a GAAP net loss of $596 million

Based on the recent corporate insider activity of 27 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.