BRP Inc (TSE:DOO) had its target price hoisted by research analysts at Desjardins from C$44.00 to C$46.00 in a report issued on Wednesday, July 19th. The firm currently has a “buy” rating on the stock. Desjardins’ target price indicates a potential upside of 13.52% from the company’s previous close. Desjardins also issued estimates for BRP’s Q3 2018 earnings at $1.03 EPS, Q4 2018 earnings at $1.03 EPS, FY2018 earnings at $2.40 EPS and FY2019 earnings at $2.63 EPS.
A number of other research analysts have also weighed in on DOO. CIBC raised their price objective on BRP from C$34.00 to C$42.00 in a research report on Friday, June 2nd. Northcoast Research lowered BRP from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 27th. Scotiabank raised their price objective on BRP from C$32.00 to C$33.00 and gave the company an “outperform” rating in a research report on Tuesday, March 28th. BMO Capital Markets reiterated an “outperform” rating and issued a C$38.00 price target on shares of BRP in a research report on Monday, March 27th. Finally, Royal Bank Of Canada lifted their price target on BRP from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Monday, March 27th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of C$40.00.
BRP (TSE DOO) traded up 0.22% during trading on Wednesday, hitting $40.52. The stock had a trading volume of 58,159 shares. BRP has a 52 week low of $22.10 and a 52 week high of $41.94. The company has a 50-day moving average of $39.32 and a 200 day moving average of $33.20. The company has a market cap of $4.53 billion and a price-to-earnings ratio of 35.73.
BRP (TSE:DOO) last announced its earnings results on Friday, June 9th. The company reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.15. BRP had a negative return on equity of 47.28% and a negative net margin of 1.93%. The company had revenue of $956.20 million for the quarter, compared to analysts’ expectations of $1.03 billion. On average, equities research analysts anticipate that BRP will post $2.38 EPS for the current year.
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In related news, insider Breton Anne Le sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of C$39.00, for a total value of C$195,000.00. Also, insider Bernard Guy sold 13,293 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of C$39.00, for a total transaction of C$518,427.00. Insiders have sold 24,693 shares of company stock valued at $970,447 in the last 90 days.
BRP Company Profile
BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and propulsion systems worldwide. The company offers all-terrain, side-by-side, and spyder vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircrafts.
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