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    BBD.B   CA0977518616

BOMBARDIER INC.

(BBD.B)
  Report
Delayed Toronto Stock Exchange  -  04:00:00 2023-01-27 pm EST
63.22 CAD   -0.58%
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01/23Bombardier Announces Closing of its New Issuance of Senior Notes due 2029
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Toronto stocks fall as energy and materials lead losses

11/28/2022 | 10:37am EST

(Adds comments; updates prices, details)

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Shopify jumps 6.9% on Cyber Monday sales

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Q4 bank earnings expected to decline 4%

Nov 28 (Reuters) - Canada's main stock index fell on Monday, with energy and materials stocks leading the declines tracking tumbling commodity prices, as investors around the world were concerned about the global economic growth outlook.

At 10:07 a.m. ET (1507 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 27.76 points, or 0.14%, at 20,356.01.

The energy sector and materials sector fell 1.6% and 0.3%, respectively, tracking prices of oil, precious metals and base metals as protests against strict COVID curbs in China raised demand concerns from the world's second largest economy.

Canada's Big Six banks are expected to post a 4% decline in fourth-quarter profits from last year because of decades-high inflation and monetary tightening by the central bank that has hurt investment banking activity.

"The wealth management business will be pressured but I expect margin increases, given higher interest rates, and solid balance sheets across the board," said Angelo Kourkafas, investment strategist at Edward Jones Investments.

"Guidance is expected to be narrowed and the focus will also be on loan growth given the recessionary outlook."

The financials sector fell 0.2%, but is set to end the quarter higher by 8.7%.

"We usually don't see both valuations and earnings collapse at the same time because that only happens during a financial crisis," said Angelo Kourkafas, investment strategist at Edward Jones Investments.

However, not all sectors were losers. The information technology sector was supported by a 6.9% jump in e-commerce firm Shopify Inc's shares, touching two-week highs after announcing record Cyber Monday sales in the U.S. The sector rose 1.6%.

Bombardier rose 4.3% after the aircraft manufacturer said that it will begin a special mission modification package in Wichita, Kansas as part of a German Pegasus surveillance aircraft project.

U.S. indices were down along with global counterparts, as investors were spooked by demand and growth concerns out of China. (Reporting by Johann M Cherian in Bengaluru; Editing by Shailesh Kuber)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BOMBARDIER INC. -0.58% 63.22 Delayed Quote.20.95%
BRENT OIL -1.57% 86.05 Delayed Quote.1.71%
S&P GSCI PRECIOUS METALS INDEX -0.35% 2532.71 Real-time Quote.6.07%
S&P/TSX COMPOSITE INDEX 0.07% 20714.48 Delayed Quote.6.86%
SHOPIFY INC. 3.62% 50.08 Delayed Quote.44.28%
WTI 0.00% 79.45 Delayed Quote.0.75%
All news about BOMBARDIER INC.
01/27Business Aviation : Bombardier Breaks Ground on Abu Dhabi Service Centre, Expands Aftermar..
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01/25Flexjet ceo mike silvestro receives the living legends of aviation's lifetime aviation ..
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01/23Bombardier Announces Closing of its New Issuance of Senior Notes due 2029
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01/20Bombardier Brief: Announces Closing of its New Issuance of Senior Notes..
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01/20Bombardier Announces Closing of its New Issuance of Senior Notes due 2029
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01/20Bombardier Inc. Announces Closing of New Issuance of Senior Notes Due 2029
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01/18Bombardier Increases Maximum Amount Sought Under Cash Tender Offer; Prices Senior Notes..
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01/17Bombardier Announces Pricing of its New Issuance of Senior Notes due 2029
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01/17Bombardier Inc. Announces Pricing of Its New Issuance of Senior Notes Due 2029
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More news
Analyst Recommendations on BOMBARDIER INC.
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Financials (USD)
Sales 2022 6 859 M - -
Net income 2022 -315 M - -
Net Debt 2022 4 696 M - -
P/E ratio 2022 -13,6x
Yield 2022 0,17%
Capitalization 4 472 M 4 472 M -
EV / Sales 2022 1,34x
EV / Sales 2023 1,14x
Nbr of Employees 13 400
Free-Float 69,7%
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Technical analysis trends BOMBARDIER INC.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 47,49 $
Average target price 53,06 $
Spread / Average Target 11,7%
EPS Revisions
Managers and Directors
╔ric Martel President, Chief Executive Officer & Director
Bart W. Demosky Chief Financial Officer & Executive Vice President
Pierre Beaudoin Vice President-Product Development
David Murray Senior Vice President-Information Technology
Paul Sislian Executive Vice President-Operations
Sector and Competitors