In a report issued on November 5, Cai Rumohr from Cowen & Co. assigned a Hold rating to Bombardier (BDRBF), with a price target of $0.27. The company’s shares closed last Wednesday at $0.39.
According to TipRanks.com, Rumohr is a 4-star analyst with an average return of 6.7% and a 59.8% success rate. Rumohr covers the Technology sector, focusing on stocks such as Smith & Wesson Brands, Raytheon Technologies, and Science Applications.
Currently, the analyst consensus on Bombardier is a Hold with an average price target of $0.35, a -8.5% downside from current levels. In a report issued on October 25, Desjardins also maintained a Hold rating on the stock with a C$0.60 price target.
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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.
