Latest news with #Bombardier
Globe and Mail
2 days ago
- Business
- Globe and Mail
Bombardier Inc: Analysts Get More Bullish with Valuation Increases
Bombardier Inc. (BBD-B:CA) (BDRBF) Bombardier Inc. has recently received 3 positive analyst revisions, signaling growing confidence in the company's fundamentals and future outlook. On July 21, 2025, three major analysts — Citigroup, BMO Capital Markets, and CIBC — all raised their 12-month price targets on Bombardier stock, reflecting bullish sentiment on the aerospace firm's earnings momentum, strong order backlog, and continued focus on debt reduction and margin expansion. Summary of Analyst Revisions: Citigroup upgraded its price target significantly from C$109 to C$195, while maintaining a 'Buy' rating. Citigroup's aggressive target boost likely reflects optimism about Bombardier's expanding business jet market, improving free cash flow, and execution on cost controls. The 'Buy' stance underscores Citigroup's belief that the market continues to undervalue Bombardier's turnaround story and growth potential in premium aviation segments. BMO Capital Markets raised its price target from C$150 to C$185. BMO likely sees strong fundamentals behind Bombardier's delivery schedule, order pipeline, and potential to hit financial guidance for 2025. CIBC increased its target from C$167 to C$181, while maintaining the firm's 'Outperform' rating. CIBC's more measured increase still highlights a positive bias, possibly tied to recent quarterly results or an improving global macro environment for business jet demand. The relatively conservative bump could reflect a more balanced view on valuation or execution risks. Stock Forecast This coordinated wave of target increases suggests that analysts are aligned in recognizing upside potential for Bombardier, driven by a mix of internal performance and favorable sector trends. The stock appears to be regaining analyst confidence with the magnitude of the target increases which points to a bullish shift in sentiment. Investors may interpret this as a validation of Bombardier's turnaround strategy, especially in an environment where capital discipline, aerospace demand, and margin expansion are being closely watched. Bombardier Inc. currently holds a consensus analyst rating of 'Buy', indicating a broadly positive outlook from the investment community. This rating reflects the collective confidence of analysts in the company's strategic direction, improving financial health, and growth prospects within the global business jet market. The most recent average 12-month price target for Bombardier is C$170 per share, reflecting analysts' generally optimistic outlook on the company's performance over the coming year. This target suggests that analysts believe Bombardier's stock has some further room to grow from its current trading levels. The C$170 target is based on a consensus of analyst estimates, which typically factor in Bombardier's financial results, order book strength, macroeconomic trends, and competitive positioning within the aerospace sector.
Telegraph
2 days ago
- Politics
- Telegraph
Oligarchs living in fear as Putin purges take bloody toll
Dead by suicide. Detained on a private jet. Sentenced to more than a decade in prison. It has long been a cut-throat world for the Russian elite, but the recent spate of blood-letting – both literal and figurative – has shocked serving and former government officials, who spoke with The Telegraph anonymously amid fear of reprisals. People who might once have been seen as untouchable, either through their political connections or loyalty to Vladimir Putin, have found themselves out of favour, out of office and, on occasion, falling out of windows. The war in Ukraine has upended the status quo, with the Kremlin nationalising businesses to plug its coffers while corporate 'raiders' compete ever more violently for a shrinking piece of the pie. 'It all looks horrifying,' said a former official from the Russian presidential administration. 'If you look at the recent arrest of top state company executives, the mysterious deaths, people in government and politics are, pardon my French, s----ing themselves.' In July alone, Andrei Badalov, the vice-president of state-owned pipeline company Transneft, fell to his death from a balcony at his home. A former deputy defence minister was sentenced to 13 years imprisonment on charges of corruption, only for a fellow military official to go down for 17. Meanwhile, state security drove the nationalisation of the country's largest airport, taking it from the hands of owners with dual citizenship, while the Bombardier jet of billionaire gold tycoon Konstantin Strukov was boarded to prevent him from fleeing the country.
Cision Canada
2 days ago
- Business
- Cision Canada
Chorus Aviation Announces Agreement to Acquire Elisen & Associates Inc. Français
HALIFAX, NS, July 21, 2025 /CNW/ - Chorus Aviation Inc. (TSX: CHR) today announced it has entered into an agreement to acquire Elisen & Associates Inc. ("Elisen"), a leading provider of aerospace engineering and certification services based in Montreal. Founded in 1997 by Stephane Durand and Taif Rahman, Elisen has built a strong reputation for its work on complex engineering projects spanning commercial, business and rotary aircraft modifications, defence projects and sustainable aviation development. Elisen's projects include support and development work on the Airbus A220, Bell helicopters and Bombardier, Gulfstream and Lear special mission aircraft, among others. Mr. Durand and Mr. Rahman will continue to lead Elisen following the closing of the transaction. "Elisen is a leading engineering firm located at the core of Montreal's aerospace community. Acquiring Elisen will position us to grow our defence and specialized MRO capabilities by adding valuable expertise and industry relationships," said Colin Copp, President and Chief Executive Officer, Chorus. "We are delighted that Stephane and Taif will continue to lead Elisen and look forward to welcoming the entire Elisen team." "We have had expressions of interest from several companies over the years, but none provides the alignment of culture, values and strategic vision that Chorus offers," stated Elisen Co-President, Mr. Rahman. "We are excited to work with the Chorus team to pursue a broader set of opportunities together," added Elisen Co-President, Mr. Durand. The transaction is expected to close prior to the end of this year, conditional upon the completion of certain regulatory notifications and the satisfaction of other customary conditions to closing. The transaction will be paid for using available cash and is not expected to have a material impact on Chorus' consolidated revenue, earnings or balance sheet. Forward-Looking Information This news release contains forward-looking information and statements within the meaning of applicable securities laws (collectively, " forward-looking information"). Forward-looking information is identified by the use of terms and phrases such as "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "potential", "predict", "project", "will", "would", and similar terms and phrases, including negative versions thereof. All information and statements other than statements of historical fact are forward-looking and by their nature, are based on various underlying assumptions and expectations that are subject to known and unknown risks, uncertainties and other factors that may cause actual future results, performance or achievements to differ materially from those indicated in the forward-looking information. As a result, there can be no assurance that the forward-looking information included in this news release will prove to be accurate or correct. Examples of forward-looking information in this news release include statements and expectations regarding the expected closing of the transaction and the anticipated benefits of the transaction to Chorus. Actual results may differ materially from those anticipated in forward-looking information for a number of reasons including: the failure to satisfy any of the conditions precedent to the closing of the transaction; the impact of the transaction on Elisen's relationships with employees, customers and suppliers; changes in the aviation industry and general economic conditions; and the risk factors described in Chorus' public disclosure record available under Chorus' profile on SEDAR+ at The forward-looking information contained in this news release represents Chorus' expectations as of the date of this news release (or as of the date they are otherwise stated to be made) and is subject to change after such date. Chorus disclaims any intention or obligation to update or revise any forward-looking information as a result of new information, subsequent events or otherwise, except as required by applicable securities laws. Readers are cautioned that the foregoing factors and risks are not exhaustive. About Chorus Aviation Inc. Chorus is a holding company which owns the following principal operating subsidiaries: Jazz Aviation, the largest regional operator in Canada and provider of regional air services under the Air Canada Express brand; Voyageur Aviation, a leading provider of specialty charter, aircraft modifications, parts provisioning and in-service support services; and Cygnet Aviation Academy, an industry leading accredited training academy preparing pilots for direct entry into airlines. Together, Chorus' subsidiaries provide services that encompass every stage of an aircraft's lifecycle, including: contract flying, aircraft refurbishment, engineering, modification, repurposing and transition; aircraft and component maintenance, disassembly, and parts provisioning; aircraft acquisition and leasing; and pilot training. Chorus Class A Variable Voting Shares and Class B Voting Shares trade on the Toronto Stock Exchange under the trading symbol 'CHR'. Chorus' 6.00% Convertible Senior Unsecured Debentures due June 30, 2026 and 5.75% Senior Unsecured Debentures due June 30, 2027 trade on the Toronto Stock Exchange under the trading symbols ' and ' respectively. For further information on Chorus, please visit
Yahoo
5 days ago
- Business
- Yahoo
1 Stable Canadian Stock Down 63% From All-Time Highs to Buy and Hold Immediately
Written by Amy Legate-Wolfe at The Motley Fool Canada Trade tensions, rising tariffs, and geopolitical surprises can wreak havoc on a portfolio that leans too hard on U.S. exposure. For Canadian investors who want some shelter, Bombardier (TSX:BBD.B) might sound like a bold pick, but there's a surprising amount of substance behind the splashy name. Especially while it's still down 63% from all-time highs. A wild ride This is a Canadian stock that's been to the brink, and back. In fact, it's gone from hitting all-time highs of about $442 in August, 2000 to lows of $5.26 in 2020, adjusted for the stock merger. Yet here it is in 2025, delivering profits, beating earnings, and confidently guiding for future growth. That's no accident. And it's why the Canadian stock, which remains well below its all-time highs, could be one of the more underrated long-term plays on the TSX today. Bombardier recently reported first-quarter 2025 results that added fuel to its turnaround story. The Canadian stock posted revenue of US$1.6 billion, up 10% year over year. Earnings before interest and taxes (EBIT) rose to US$243 million, and adjusted EBITDA reached US$318 million, with a healthy margin of 20.4%. This kind of profitability was once unthinkable for Bombardier, but it's quickly becoming the norm. Net income was US$110 million or US$1.03 per diluted share, compared to US$302 million in losses a year earlier. Free cash flow was negative for the quarter, which is expected due to seasonality, but full-year guidance still calls for US$250 million to US$500 million in free cash flow. More to come What's most impressive is how it got here. Bombardier is now laser-focused on its business jet segment, after shedding its commercial and rail operations. It's streamlined, leaner, more agile, and that's paying off. The Global 7500 continues to lead its class, and Bombardier's aftermarket services are a growing source of high-margin revenue. In fact, aftermarket revenue was up 11% year over year to US$424 million. There's no pretending this is a safe haven Canadian stock like a utility or a grocer. Bombardier still carries debt of US$4.7 billion at quarter-end, and the stock can be volatile. But it's also a pure-play aviation business with a growing order backlog. As of the end of Q1, the backlog stood at US$14.9 billion. That kind of visibility isn't easy to find in the industrial space, especially for a name once written off as a penny stock. Where it stands From a valuation standpoint, the case gets even stronger. The Canadian stock currently trades around $162, well off its 2000 peak, despite dramatically stronger fundamentals today. And with expected full-year revenue of US$8.4 billion and adjusted EBITDA guidance of US$1.5 billion, the Canadian stock's forward-looking metrics suggest plenty of room to run. Bombardier is not for the faint of heart. There are risks tied to global demand for business jets, potential delays, and inflation in parts and labour. Plus, there's no dividend, so investors are betting purely on capital appreciation. But for those willing to hold through the cycles, this is a business that's gaining real traction. Bottom line If you're looking for a Canadian stock to tuck into your portfolio and forget for the next decade, Bombardier might not be the obvious choice, but that could be exactly what makes it so compelling. Down more than 60% from its peak, profitable, and projecting solid growth in a tough economy, Bombardier offers a contrarian bet with real upside. The trade tensions may rage on, but this is one Canadian company charting its own flight path, and investors might want a seat onboard. The post 1 Stable Canadian Stock Down 63% From All-Time Highs to Buy and Hold Immediately appeared first on The Motley Fool Canada. More reading 10 Stocks Every Canadian Should Own in 2025 [PREMIUM PICKS] Market Volatility Toolkit A Commonsense Cash Back Credit Card We Love Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 2025
National Post
5 days ago
- Business
- National Post
Chris Selley: Canadian protectionism is on the march
It gets harder by the week to distinguish Canada's response to U.S. President Donald Trump's protectionism from … well, protectionism, as opposed to something more sophisticated, calculated or intelligent. I argued recently that there's no good reason for BC Ferries to pay over the odds for new vessels if a Chinese shipyard can build them on time and for the best price — but of course I understand the unique sensitivities around China, just as I do those around the United States. Article content Article content But now consider this headline from hell in the Toronto Star this week: 'Everyone wants the new TTC (Toronto Transit Commission) subway cars to be made in Canada.' Article content Article content 'Everyone' in this case is all three levels of government involved: Toronto city council, led by an NDP mayor; the provincial government, led by a Progressive Conservative premier; and the federal government, led by a Liberal prime minister. So, not literally everyone, though I get the sense we're not far away from the latter, even as we're supposedly trying to project a free-trading image to the world. Right and left are united, at least rhetorically, on the 'buy Canadian' thing. When Rob Ford won the Toronto mayoral election in 2010, bringing brother Doug along with him to city council, one of their major complaints against former mayor David Miller was that under his watch, the city had paid far too much for new subway cars in order to ensure they were built by Bombardier in Thunder Bay, Ont. — which is more than a 15-hour drive from Toronto, and which many Torontonians probably couldn't place on a map. Article content Article content As the 'Canada is not for sale' premier, Doug Ford is now David Miller. 'I am requesting that the City of Toronto recognize this historic opportunity and consider a sole-source procurement with Alstom, which would support Ontario workers in Thunder Bay and across our province,' Ford's provincial Transport Minister Prabmeet Sarkaria wrote recently to the city. (Alstom, a French company, gobbled up Bombardier Transportation in 2021.) Article content 'With the procurement of these subway trains, I am supportive of any action that accomplishes a build Canada option in a manner that is consistent with the city of Toronto's legal obligations,' federal Infrastructure Minister Gregor Robertson wrote to Mayor Olivia Chow this week. Article content Any action? If I'm Alstom right now, I'm seeing nothing but dollar signs. Article content It's one thing to rule out American or Chinese companies. I wouldn't — the best deal is the best deal — but it's at least coherent: China is not a Canadian ally, and Trump is taking dead aim at the Canadian economy. But the past few decades have seen a very welcome move away from protectionism in public-transit procurement.
