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Bombardier Cl A MV (BBD.A) Receives a Buy from Raymond James


In a latest note to investors, a research analyst has provided a rating update for the Consumer Goods sector company, Bombardier Cl A MV (BBD.A). Analyst Steve Hansen from Raymond James remains bullish on the stock and has a C$5.25 price target.

According to TipRanks.com, Hansen is ranked #3444 out of 5115 analysts.

Read also: This Analyst Presses the ‘Buy’ Button on Foot Locker (FL) Stock on Back of Strong Earnings

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Bombardier Cl A MV with a C$4.72 average price target.

Based on Bombardier Cl A MV’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$145 million. In comparison, last year the company had a GAAP net loss of C$114 million.

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 company’s shares closed on Friday at C$2.30, close to its 52-week low of C$1.70.