Bombardier (BBD-B:CA) CIBC Maintains Hold on Stretched Valuation

Bombardier's Earnings & Stock Analysis

Analyst Ratings Coverage

Bombardier Inc. is a Canadian multinational company that operates in the aerospace and transportation industries. The company designs and manufactures a range of products, including aircraft, rail transportation equipment, and related services. CIBC is one of the many investment firms that provide coverage on Bombardier and offer their clients analysis and ratings on the company’s stock.

CIBC World Markets (Rank#18) issued a research report today on Bombardier’s stock, maintaining with a rating of “Neutral”. The “Neutral” rating indicates that CIBC believes that the stock’s current valuation is fair and that the company’s prospects are in line with its peers. It suggests that the investment firm does not expect significant upside or downside potential in the near term. A “Neutral” rating is typically issued when the analyst’s view of the company is uncertain or when the risk-reward profile of the stock is balanced.

CIBC has almost kept the target price of CAD 65 for Bombardier’s stock. This indicates that the investment firm believes that the stock is currently trading at a fair value and that it is unlikely to see significant upside or downside in the near future.

BBD-B:CA Ratings by Stock Target Advisor

BBD-B Stock Analysis & Forecast

Based on the Bombardier Inc stock forecasts from 23 analysts, the average analyst target price for the company’s stock over the next 12 months is CAD 63.01. This means that the analysts, on average, believe that Bombardier’s stock price will increase to CAD 63.01 within the next 12 months.

The consensus analyst rating for Bombardier’s stock is “Buy,” which indicates that the majority of analysts covering the stock have a positive outlook on the company’s future prospects. This rating is based on the analysts’ analysis of various factors, including the company’s financial performance, market trends, and competitive landscape.

Stock Target Advisor’s own stock analysis of Bombardier is “Neutral,” which means that it is neither positive nor negative. This rating is based on 4 positive signals and 4 negative signals. The positive signals may include factors such as earnings growth, positive industry trends, or a strong financial position, while the negative signals may include factors such as declining revenue, high debt levels, or negative industry trends.

At the last closing, Bombardier’s stock price was CAD 63.02. The stock price has changed by -9.32% over the past week, which means that the stock price has decreased by 9.32% over the past week. Over the past month, the stock price has increased by 7.89%, while over the last year, the stock price has increased by 89.53%.

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