BDRBF - Bombardier Inc.

Other OTC - Other OTC Delayed Price. Currency in USD
0.3139
-0.0021 (-0.67%)
At close: 3:59PM EDT
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close0.3160
Open0.3300
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.3100 - 0.3309
52 Week Range0.2700 - 1.7900
Volume758,836
Avg. Volume1,150,859
Market Cap809.112M
Beta (5Y Monthly)2.15
PE Ratio (TTM)N/A
EPS (TTM)-0.9500
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateDec 10, 2014
1y Target Est2.85
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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    • Alstom offers French factory sale to clinch Bombardier deal
      Reuters

      Alstom offers French factory sale to clinch Bombardier deal

      France's TGV high-speed train maker Alstom <ALSO.PA> on Thursday offered to sell a French rail factory and make other concessions to win European Commission approval for its planned purchase of Bombardier Inc's <BBDb.TO> transportation business. The commitments also included selling Alstom's regional train unit Coradia Polyvalent and divesting a Bombardier commuter trains division and the related production facilities at its Hennigsdorf site in Germany. Alstom's bid in February of up to 6.2 billion euros ($7 billion) for Montreal-based Bombardier's rail business has faced scrutiny from EU antitrust authorities, which have been expected to demand concessions to approve the deal.

    • Exclusive: Alstom to offer sale of French rail factory to win Bombardier unit buy - sources
      Reuters

      Exclusive: Alstom to offer sale of French rail factory to win Bombardier unit buy - sources

      Alstom's bid of up to 6.2 billion euros ($7.0 billion) for Bombardier's unit was launched in February and the EU competition enforcer is likely to demand concessions to approve the deal. Alstom unions are being summoned to an online meeting on Thursday where management will provide an update on discussions with the European Commission, two sources said. Alstom is seeking to create the world's No. 2 train manufacturer with the Bombardier unit purchase to better compete with Chinese leader CRRC Corp <601766.SS> in its second attempt at a deal, after the European Commission blocked its planned merger with Siemens AG <SIEGn.DE> last year.

    • GlobeNewswire

      Bombardier Challenger 350 Aircraft Reaches Milestone 350th Delivery

      Landmark moment arrives after aircraft’s sixth consecutive year as world’s most delivered super mid-size business jet The Challenger 350 business jet stands out with its.

    • GlobeNewswire

      Bombardier Announces New Service Center Appointment in Dallas

      MONTREAL, July 08, 2020 -- Bombardier Aviation announced today the recent appointment of Marc Rivest as General Manager of its award-winning Service Center in Dallas. A.

    • Alstom ready to sell assets to win EU nod for Bombardier deal - sources
      Reuters

      Alstom ready to sell assets to win EU nod for Bombardier deal - sources

      French TGV high-speed train maker Alstom is prepared to sell assets to secure early EU antitrust approval for its bid for Bombardier Inc's rail division, people familiar with the matter said. Alstom and Bombardier believe they have a strong case with few overlapping activities, even if EU antitrust regulators are not convinced by the concessions and instead opt to open a four-month long investigation, the people said. Alstom's bid for Bombardier, announced in February, is worth up to 6.2 billion euros ($7 billion).

    • GlobeNewswire

      Bombardier Global 7500 Jet Receives Business Aviation’s First-ever Environmental Product Declaration

      Bombardier Aviation and the International EPD® System, an environmental declaration program based in Sweden, announced today a first in business aviation with the publication of the Environmental Product Declaration (EPD) for Bombardier’s Global 7500 jet. The Global 7500 aircraft EPD is third-party verified to the highest international ISO standards1.

    • GlobeNewswire

      Bombardier Celebrates Entry-into-service of Spacious, Long-range Global 5500 Business Jet

      long-range Global 5500 business jet, which was recently delivered to an undisclosed customer. This high-value aircraft represents the gateway into Bombardier’s flagship large-cabin Global family, offering world-renowned performance, comfort and the smoothest ride. Last year, Bombardier announced that the Global 5500 aircraft can fly 200 nautical miles more than planned, and its new range of 5,900 nautical miles is 700 nautical miles more than the nearest competitor at the same speed.

    • GlobeNewswire

      Bombardier will supply 27 additional OMNEO Premium trains to SNCF for France’s Normandy Region

      Following the first OMNEO deliveries and the restart of industrial activities at Crespin, the Normandy Region orders more trainsets to renew its passenger fleet Certified ‘Made.

    • Reuters

      MORNING BID-Decoupling

      European shares have risen 2.6% and have opened 0.5% higher this morning. There's certainly more noise from President Donald Trump, who is lagging prospective opponent Joe Biden in opinion polls with elections five months away. Two recent Supreme court rulings have overturned his causes, and social media firms, which are seen as contributing to Trump's 2016 election win, aren't playing along this time -- most recently, Facebook took down some of his campaign ads, citing "organised hate".

    • GlobeNewswire

      Bombardier Announces the Election of its Board of Directors

      MONTREAL, June 18, 2020 -- Bombardier announced today that all candidates in the Management Proxy Circular dated May 6, 2020 were elected as directors of Bombardier Inc. during.

    • GlobeNewswire

      REMINDER – Bombardier Announces Virtual Annual Meeting of Shareholders

      Bombardier (BBD-B.TO) will host its 2020 Annual Meeting of Shareholders (“Meeting”) on June 18, 2020 at 10:30 EDT in a virtual format due to the ongoing public health concerns related to the COVID-19 pandemic. The Corporation previously announced in its 2020 Notice of Meeting that, subject to public health conditions and concerns, it would host a hybrid Meeting format, whereby registered shareholders and duly appointed proxyholders could attend and participate either in person or via a live webcast. Bombardier therefore welcomes all registered shareholders and duly appointed proxyholders who wish to participate to the online Meeting to do so by joining the live webcast available at https://web.lumiagm.com/122776078.

    • Shares of Bombardier, BlackBerry drop after removal from blue-chip index
      Reuters

      Shares of Bombardier, BlackBerry drop after removal from blue-chip index

      Shares of Bombardier were down over 10% at 46 Canadian cents and those of BlackBerry were 6% lower at C$6.7 in morning trade. Index manager S&P Dow Jones Indices said on Friday it will remove the two companies from the S&P/TSX 60 index effective Monday. BlackBerry shares are down nearly 20% this year so far.

    • EU regulators to decide on Alstom, Bombardier deal by July 16
      Reuters

      EU regulators to decide on Alstom, Bombardier deal by July 16

      EU antitrust regulators have set a July 16 deadline for a decision on whether to clear French TGV high-speed train maker Alstom's bid for Bombardier Inc's rail division, according to a filing on the European Commission website. Alstom announced the deal in February to create the world's No. 2 train manufacturer and better take on Chinese leader CRRC Corp. The cash and shares deal is worth up to 6.2 billion euros ($7 billion).

    • Reuters

      CORRECTED-EU regulators to decide on Alstom, Bombardier deal by July 16

      EU antitrust regulators have set a July 16 deadline for a decision on whether to clear French TGV high-speed train maker Alstom's bid for Bombardier Inc's rail division, according to a filing on the European Commission website. Alstom announced the deal in February to create the world's No. 2 train manufacturer and better take on Chinese leader CRRC Corp. The cash and shares deal is worth up to 6.2 billion euros ($7 billion). An attempt by Canadian company Bombardier and Siemens to combine some train businesses stalled in 2017.

    • Bombardier to cut up to 600 jobs in Northern Ireland
      Reuters

      Bombardier to cut up to 600 jobs in Northern Ireland

      Planemaker Bombardier Inc is to cut up to 600 jobs in its Northern Ireland operations, it said on Thursday, as part of plans announced last week to cut 2,500 jobs or about 11% of the workforce in its global aviation unit. The cuts include 400 core workers and up to 200 workers from its "complementary labour force" of temporary and agency workers, a Bombardier spokeswoman said. The Canadian firm, which produces wings for Airbus's A220 jet in Belfast, is the largest high-tech manufacturer in Northern Ireland with a workforce of around 3,500.

    • GlobeNewswire

      CORRECTION – Bombardier Announces Virtual Annual Meeting of Shareholders

      Bombardier (BBD-B.TO) announced today that it will host its 2020 Annual Meeting of Shareholders (“Meeting”) on June 18, 2020 at 10:30 EDT in a virtual format due to the ongoing public health concerns related to the COVID-19 pandemic. The Corporation previously announced in its 2020 Notice of Meeting that, subject to public health conditions and concerns, it would host a hybrid Meeting format, whereby registered shareholders and duly appointed proxyholders could attend and participate either in person or via a live webcast. Bombardier therefore welcomes all registered shareholders and duly appointed proxyholders who wish to participate to the online Meeting to do so by joining the live webcast available at https://web.lumiagm.com/122776078.

    • GlobeNewswire

      Bombardier Announces Virtual Annual Meeting of Shareholders

      Bombardier (BBD-B.TO) announced today that it will host its 2020 Annual Meeting of Shareholders (“Meeting”) in a virtual format due to the ongoing public health concerns related to the COVID-19 pandemic. The Corporation previously announced in its 2020 Notice of Meeting that, subject to public health conditions and concerns, it would host a hybrid Meeting format, whereby registered shareholders and duly appointed proxyholders could attend and participate either in person or via a live webcast. Bombardier therefore welcomes all registered shareholders and duly appointed proxyholders who wish to participate to the online Meeting to do so by joining the live webcast available at https://web.lumiagm.com/122776078.

    • Canada’s Bombardier Cuts 2,500 Jobs As Pandemic Stalls Travel Demand
      SmarterAnalyst

      Canada’s Bombardier Cuts 2,500 Jobs As Pandemic Stalls Travel Demand

      Bombardier (BDRBF) announced that it will cut 2,500 jobs or about 10% of the workforce at its aviation business as a result of the “extraordinary” aviation industry interruptions and challenges caused by COVID-19.Bombardier Aviation suspended its manufacturing operations in March to slow the spread of the virus and to protect the health and safety of employees, partners and customers, the company said. Over the past month, manufacturing operations at the aviation unit have been resuming.“Now with business jet deliveries, industry-wide, forecasted to be down approximately 30% year-over-year due to the pandemic, Bombardier must adjust its operations and workforce to ensure that it emerges from the current crisis on solid footing,” the company said in a statement.Global planemakers from Airbus Group SE (EADSF) to Boeing Co (BA) have seen demand for new aircraft throttle as the crisis in the aviation industry has resulted in a deep cut in the number of commercial jets and services its customers need over the next few years with some asking for delivery delays or order cancellations.The planemaker said that the majority of the job reductions will affect manufacturing operations in Canada and will be carried out progressively throughout 2020. At the same time worldwide customer service operations have continued to operate largely uninterrupted throughout the pandemic, Bombardier added.It expects to record a special charge of about $40 million in 2020 due to the workforce reductions and will provide additional information on its market outlook when it reports its second quarter financial results on August 6.The value of the planemaker’s shares have shed over 70% this year and were trading at $0.35 on Friday.Five-star analyst Cai Rumohr at Cowen & Co. last month maintained a Hold rating on the stock with a $0.50 price target saying that even with expected negative cash flow over the balance of the year, Bombardier should be able to make it to year-end with at least $1.5 billion in cash (+ $0.9 billion revolver).“But 2021 looks challenging,” Rumohr wrote in a note to investors. “Since Q1 is always negative (2014-19 average is $0.8 billion), and Bombardier has a $450 million debt maturity in May, 2021 with another $1 billion due in December.”Mostly in line with Rumohr other Wall Street analysts are also sitting on the sidelines when it comes to Bomardier’s stock. The Hold consensus is made of 10 Hold ratings versus 1 Sell rating. The $0.44 average analyst price target suggests 26% upside potential in the shares in the coming 12 months.Related News: Airbus Gets No New Aircraft Orders In May Amid Aviation Crisis Boeing CEO Says ‘Likely’ A Major Airline Could Fold In 2020 Colombian Carrier Avianca Files for Bankruptcy Protection Due to Coronavirus Woes More recent articles from Smarter Analyst: * KKR-Led Consortium Buys 6% Stake In Vietnam’s Vinhomes For $650 Million * Eli Lilly Leaps 13% On Positive Results For Its Verzenio Breast Cancer Therapy * iQIYI Pops 35% In Pre-Market On Report Tencent Seeks To Buy Big Stake * First Horizon, IberiaBank Get U.S. Regulatory Nod For Merger

    • Bombardier to cut 2,500 aviation jobs as pandemic dents travel demand
      Reuters

      Bombardier to cut 2,500 aviation jobs as pandemic dents travel demand

      The aviation industry has been among the worst hit by the pandemic, which has dented travel demand and forced several aircraft manufacturers, including planemakers Boeing Co <BA.N> and Airbus SE <AIR.PA>, to cut production as customers defer deliveries. "We are now faced with the difficult decision to adjust the size of our business, considering both disruptions in our supply chain as well as industry-wide forecasts calling for approximately 30% year-over-year drops in unit deliveries due to the pandemic," David Coleal, president of Bombardier Aviation, said in a memo to workers about the layoffs which was seen by Reuters. Bombardier Aviation spokesman Mark Masluch said the company is starting to scale back production, but he would not give specifics.

    • GlobeNewswire

      Bombardier Aviation Announces Workforce Adjustments in Response to COVID-19 Pandemic

      Bombardier Aviation announced today that it would adjust its workforce to align with current market conditions reflecting the extraordinary industry interruptions and challenges caused by COVID-19. When the pandemic first arose, Bombardier Aviation responded quickly, suspending manufacturing operations to support local government efforts to slow the spread of the virus and to protect the health and safety of employees, partners and customers. Over the past month, Bombardier Aviation guided by health professionals and industry best practices, implemented comprehensive procedures and safeguards to further protect employees and communities as manufacturing operations resumed.

    • Barrons.com

      Embraer’s Results Highlight Tough Times in Aviation. Talk of a Deal Continues.

      Regional jet maker Embraer reported weak first-quarter 2020 results Monday morning—no surprise, given that the commercial-aviation value chain has been hammered by the Covid-19 pandemic.

    • GlobeNewswire

      Bombardier Concludes Sale of the CRJ Series Regional Jet Program to Mitsubishi Heavy Industries

      Bombardier (BBD-B.TO) confirmed today the closing of the previously announced sale of the CRJ Series aircraft program to Mitsubishi Heavy Industries, Ltd (MHI) (7011.T) for a cash consideration of approximately $550 million, subject to post-closing adjustments and the assumption of liabilities by MHI related to credit and residual value guarantees and lease subsidies amounting to approximately $200 million. Under the agreement, the Corporation’s net beneficial interest in the Regional Aircraft Securitization Program (RASPRO), which is valued at approximately $170 million, has been transferred to MHI. Through this sale, MHI acquires the maintenance, support, refurbishment, marketing, and sales activities for the CRJ Series aircraft, including the related services and support network located in Montréal, Québec, and Toronto, Ontario, and its service centres located in Bridgeport, West Virginia, and Tucson, Arizona, as well as the type certificates.

    • GlobeNewswire

      Bombardier Releases its 2019 Activity Report, Highlighting Sustainability Milestones and Objectives

      Bombardier (BBD-B.TO) today released its 2019 Activity Report, reaffirming its commitment to sustainability and highlighting the Company’s progress over the past year towards achieving its environmental, social and governance (ESG) goals. Recognized among Corporate Knights’ Global 100 Most Sustainable Corporations in the World, Bombardier is committed to developing efficient, cost-effective and innovative products, efficiently managing resources in its operations and across its supply chain, and transparently and annually reporting on its progress. The Company also believes that the manner in which it delivers its results is as important as the results it achieves, which includes maintaining the highest ethical standards, creating a people-centric and healthy work environment and supporting the communities where it operates.

    • Reuters

      Japan's SpaceJet maker closes overseas sites, mulls cuts at home amid coronavirus squeeze

      SpaceJet regional aircraft maker, Mitsubishi Aircraft, said it is closing overseas operations that employ hundreds of people and may cut staff at home after its parent company slashed the development budget for Japan's first commercial aircraft in a century. The move, which comes as the coronavirus pandemic wreaks havoc on the aviation industry, casts doubt over the future of Japan's commercial aircraft ambitions and will at the very least delay certification of Mitsubishi's first plane, the M90. Mitsubishi Aircraft has already shelved plans for a shorter variant, the M100, seen as key to winning orders in the lucrative U.S. market.

    • Reuters

      Bombardier says no delay to Alstom rail deal due to COVID-19

      Canada's business jet maker Bombardier said on Wednesday it does not expect the COVID-19 pandemic to delay the sale of its rail division to France's Alstom. Alstom expects to close its deal with Bombardier, which is subject to regulatory clearance, in the first half of 2021.