Shares of Bombardier, Inc. (NYSE:BBD) have earned an average recommendation of “Buy” from the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$12.40.
A number of research firms have weighed in on BBD. Scotiabank lowered Bombardier from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, September 5th. Zacks Investment Research lowered Bombardier from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Goldman Sachs Group, Inc. (The) upgraded Bombardier from a “neutral” rating to a “buy” rating and set a $12.40 target price on the stock in a research note on Monday, September 11th. BidaskClub lowered Bombardier from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, ValuEngine lowered Bombardier from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 31st.
Shares of Bombardier (BBD) opened at C$9.99 on Monday. Bombardier has a 52 week low of C$7.15 and a 52 week high of C$11.86.
The firm also recently announced a monthly dividend, which will be paid on Tuesday, January 9th. Shareholders of record on Tuesday, December 5th will be paid a $0.0058 dividend. The ex-dividend date of this dividend is Monday, December 4th. This represents a $0.07 dividend on an annualized basis and a yield of 0.70%. Bombardier’s payout ratio is 6.67%.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Axiom International Investors LLC DE bought a new position in shares of Bombardier during the 3rd quarter worth $561,000. Trexquant Investment LP bought a new position in shares of Bombardier during the 3rd quarter worth $490,000. ETRADE Capital Management LLC grew its position in shares of Bombardier by 13.7% during the 3rd quarter. ETRADE Capital Management LLC now owns 57,553 shares of the company’s stock worth $637,000 after buying an additional 6,939 shares in the last quarter. TD Asset Management Inc. grew its position in shares of Bombardier by 24.1% during the 3rd quarter. TD Asset Management Inc. now owns 68,640 shares of the company’s stock worth $760,000 after buying an additional 13,347 shares in the last quarter. Finally, Assetmark Inc. grew its position in shares of Bombardier by 158.1% during the 3rd quarter. Assetmark Inc. now owns 938,981 shares of the company’s stock worth $10,395,000 after buying an additional 575,169 shares in the last quarter.
Bombardier Company Profile
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.
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