Morningstar

Bombardier: Tariffs and Trade Rhetoric Rattle Investors

We do not see any credible threat to existing flight certifications or future product sales.

Bombardier stands on the facade of the building.
Paul Zinken/picture alliance via Getty

Key Morningstar Metrics for Bombardier

  • Fair Value Estimate
    : C$284.00
  • Morningstar Rating
    : ★★★
  • Morningstar Economic Moat Rating
    : Narrow
  • Morningstar Uncertainty Rating
    : High

Shares of business jet maker Bombardier BBD.A were down on Sept. 8 in response to news that US President Donald Trump will seek to prevent the sale of the company’s jets to US customers.

Bears say: Skeptics might worry that sales of Bombardier’s business jets will be prohibited in the United States, but we do not see any credible threat to existing flight certifications or future product sales, based on publicly disseminated parry-and-thrust verbiage tied to trade and tariff negotiations by members of the US federal government.

The bottom line: We haven’t altered our forecasts or fair value estimate. Bombardier’s shares trade within a few percentage points of our fair value estimate, and we see them as fairly or fully valued.

Editor's Note: This analysis was originally published as a stock note by Morningstar Equity Research.

The author or authors do not own shares in any securities mentioned in this article. Find out about Morningstar's editorial policies.

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