Bombardier, Inc. (BBD) Receives C$12.40 Consensus Target Price from Brokerages

Bombardier, Inc. (NYSE:BBD) has been assigned an average recommendation of “Buy” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$12.40.

Several research analysts recently weighed in on the company. Zacks Investment Research cut Bombardier from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Goldman Sachs Group, Inc. (The) upgraded Bombardier from a “neutral” rating to a “buy” rating and set a $12.40 price target for the company in a research report on Monday, September 11th. Scotiabank cut Bombardier from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, September 5th. ValuEngine raised Bombardier from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, BidaskClub raised Bombardier from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 5th.

A number of institutional investors and hedge funds have recently modified their holdings of BBD. Bank of Montreal Can grew its holdings in Bombardier by 30.0% in the second quarter. Bank of Montreal Can now owns 562,211 shares of the company’s stock valued at $4,779,000 after purchasing an additional 129,799 shares during the period. Eqis Capital Management Inc. grew its holdings in Bombardier by 11.8% in the second quarter. Eqis Capital Management Inc. now owns 21,534 shares of the company’s stock valued at $183,000 after purchasing an additional 2,266 shares during the period. Aperio Group LLC grew its holdings in Bombardier by 10.0% in the second quarter. Aperio Group LLC now owns 831,143 shares of the company’s stock valued at $7,065,000 after purchasing an additional 75,290 shares during the period. Opera Trading Capital acquired a new stake in shares of Bombardier in the second quarter worth approximately $1,275,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in shares of Bombardier in the second quarter worth approximately $3,990,000.

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Bombardier (BBD) opened at C$9.99 on Monday. Bombardier has a 12-month low of C$7.15 and a 12-month high of C$11.86.

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, January 9th. Shareholders of record on Tuesday, December 5th will be issued a $0.0058 dividend. This represents a $0.07 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Monday, December 4th. Bombardier’s payout ratio is currently 6.67%.

About Bombardier

Banco Bradesco SA is a commercial bank. The Bank offers a range of banking and financial products and services in Brazil and abroad to individuals, large, mid-sized and small companies, and local and international corporations and institutions. Its segments include Financial; Insurance and Capitalization bonds; Pension plans, and Other Activities.

Analyst Recommendations for Bombardier (NYSE:BBD)

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