$BBD.B

3 stories mentioning BBD.BUpdated 28d ago

Every FINWIRES story that references BBD.B, newest first.

Research Alert: CFRA Maintains Buy Rating On Shares Of Bombardier Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We maintain our rating on increased momentum and clarity on the defense side of the business, as Canada announced yesterday it will purchase Saab's GlobalEye airborne early warning aircraft, choosing the Swedish system over U.S. competitors Boeing and L3Harris. PM Mark Carney emphasized that the move reduces reliance on American military suppliers while supporting domestic manufacturers like Bombardier. We believe Bombardier is positioned to reap the benefits of a dramatic increase in Canadian defense spending along with a higher allocation of that spending being done domestically. As such, we raise our 12-month price target to CAD333 from CAD297. This is based on a blend of our 2027 EBITDA (13.5x, up from 13.0x) multiple target price (CAD317) and DCF target price (CAD350). Bombardier remains fairly valued to discounted on a relative value basis and we maintain our 2026 EPS estimate of $7.57 and our 2027 forecast of $9.00.

$BBD.B

Research55d ago

Research Alert: CFRA Upgrades View On Bombardier Inc. Buy From Hold With Cad297 Target

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our target price to CAD297 from CAD286. This is based on a blend of our 2027 EBITDA (13.0x, up from 12.5x) multiple target price (CAD297) and DCF target price (CAD296). We lower our 2026 EPS estimate to $7.57 from $7.64 and maintain our 2027 forecast of $9.00. We reduce our 2027 EBITDA margin expectation to mid-17% from 18% on supply chain and input cost concerns. The recent energy crisis still poses a threat to global demand and manufacturing margins. However, fractional operator orders and global flight hours suggest the business jet industry is currently thriving. A raise in FY 26 free cash flow guidance to $1B+ and $20B in backlog fortify the longer-term trend through what may be more transient input cost inflation or elevated supply chain issues. We continue to view Bombardier as a high quality story with strong execution in deal closings, delivery growth, Services and Defense business growth and balance sheet strength. Shares remain fairly valued, at worst, relative to peers.

$BBD.B

Research56d ago

Research Alert: Bbd Q1: Fy 26 Fcf Guided >$1b As Services Drive Growth And Margins Compress

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:BBD reported Q1 revenues of $1,599M, up 5%, driven by Services growth of 25% to $617M and 24 deliveries, with adjusted EPS reaching $1.81 vs. $0.61 in the prior year. However, adjusted EBITDA declined 1% to $246M with margin compression of 90 bps to 15.4%, while EBIT decreased 6% to $167M. The company achieved a strong unit book-to-bill ratio of 3.6x driven by fleet operator demand and Global 8000 aircraft interest, resulting in backlog growth to $20.3B, up 43%. Management raised FY 26 free cash flow guidance to greater than $1.0B from the previous $600M-$1.0B range while reaffirming all other metrics. Free cash flow generation reached $360M compared to usage of $304M in the prior year, with leverage improving to 1.8x following CAD150M debenture repayment. We believe the Global 8000 demand trajectory aligns well with constructive market conditions, and the raised FCF guidance suggests supply chain issues are being managed effectively.

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