Analyst Ratings Coverage
Desjardins Securities (Analyst Rank #78 of 350) just released a research report on Bombardier on Wednesday September 20th, 2023. The analyst maintained a “Buy” rating on the stock and 12 month target forecast of $99 per share on the company.
Bombardier Stock Forecast & Analysis
Bombardier Inc., a renowned Canadian multinational aerospace and transportation company, has long been a prominent player in the global industrial sector. The company’s stock performance, future projections, and market sentiment are of significant interest to both investors and analysts. A comprehensive analysis of these aspects can provide valuable insights for those considering investing in Bombardier Inc.
As per the consensus among 13 financial analysts, the average target price for Bombardier Inc. over the next 12 months is projected to be CAD 77.38. This target price serves as a reference point, indicating where analysts anticipate the stock to trade in the coming year. Analysts arrive at this projection through a rigorous evaluation of Bombardier Inc.’s financial health, growth prospects, competitive position, and industry dynamics.
Bombardier Inc. maintains an average analyst rating of “Buy.” This rating reflects the collective sentiment among analysts that Bombardier represents an attractive investment opportunity. It suggests that, on average, analysts expect the company’s stock to outperform the market and generate positive returns for investors in the foreseeable future.
Stock Target Advisor, for instance, offers its own analysis of Bombardier Inc., characterizing it as “Neutral.” This assessment is based on a balanced evaluation of four positive signals and four negative signals.
Positive signals may encompass factors such as strong revenue growth, profitability, or positive news regarding the company’s operations. Conversely, negative signals could be linked to concerns or challenges, such as market sentiment shifts or economic headwinds. The “Neutral” rating suggests that, according to Stock Target Advisor’s analysis, there is a balance of positive and negative indicators associated with Bombardier’s stock.
As of the last closing, the company’s stock was trading at CAD 49.12. Over the past week, the stock exhibited a slight decline of -0.85%, indicating some short-term fluctuation. However, over the past month, the stock price showed a more notable decrease of -5.92%. Nevertheless, looking back over the last year, Bombardier Inc.’s stock has demonstrated substantial growth, recording an impressive increase of +51.93%.
