BRP Inc (TSE:DOO) Receives Consensus Recommendation of “Buy” from Analysts
Shares of BRP Inc (TSE:DOO) have earned an average rating of “Buy” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$39.29.
DOO has been the subject of a number of recent analyst reports. CIBC upped their price objective on BRP from C$34.00 to C$42.00 in a report on Friday, June 2nd. Desjardins upped their price objective on BRP from C$35.00 to C$44.00 and gave the company a “buy” rating in a report on Friday, June 2nd. Northcoast Research downgraded BRP from a “buy” rating to a “neutral” rating in a report on Tuesday, June 27th. Royal Bank Of Canada upped their price objective on BRP from C$36.00 to C$43.00 and gave the company an “outperform” rating in a report on Monday. Finally, BMO Capital Markets upped their price objective on BRP from C$38.00 to C$44.00 and gave the company an “outperform” rating in a report on Friday, June 2nd.
BRP (DOO) traded down 0.59% during trading on Friday, hitting $38.95. The company had a trading volume of 12,115 shares. The firm has a 50-day moving average of $38.90 and a 200 day moving average of $31.93. The company has a market capitalization of $4.36 billion and a price-to-earnings ratio of 34.35. BRP has a 12-month low of $20.90 and a 12-month high of $40.55.
BRP (TSE:DOO) last released its earnings results on Friday, June 9th. The company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.15. The company had revenue of $956.20 million during the quarter, compared to the consensus estimate of $1.03 billion. BRP had a negative return on equity of 47.28% and a negative net margin of 1.93%. On average, equities research analysts forecast that BRP will post $2.37 earnings per share for the current year.
In other BRP news, Director Edward Michael Philip sold 1,000 shares of the business’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of C$39.69, for a total value of C$39,690.00. Also, Director Michael Hanley sold 5,100 shares of the business’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of C$40.30, for a total value of C$205,530.00. Over the last three months, insiders sold 24,693 shares of company stock valued at $970,447.
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BRP Company Profile
BRP Inc is engaged in the design, development, manufacturing, distribution and marketing of power sports vehicles and propulsion systems. The Company manufactures and sells Year-Round Products consisting of all-terrain vehicles (ATVs), side-by-side vehicles (SSVs) and roadsters; Seasonal Products consisting of snowmobiles and personal watercrafts (PWCs), and Propulsion Products consisting of engines for outboard and jet boats, karts, motorcycles and recreational aircraft.
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