BRP Inc (DOO) Receives Average Rating of “Buy” from Brokerages
BRP Inc (TSE:DOO) has earned an average rating of “Buy” from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$40.00.
Several analysts have recently weighed in on DOO shares. National Bank Financial cut shares of BRP from an “outperform” rating to a “sector perform” rating and increased their price target for the company from C$33.00 to C$35.00 in a research note on Thursday, May 4th. Desjardins increased their price target on shares of BRP from C$44.00 to C$46.00 and gave the company a “buy” rating in a research note on Wednesday, July 19th. Northcoast Research cut shares of BRP from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 27th. Royal Bank Of Canada increased their price target on shares of BRP from C$34.00 to C$36.00 and gave the company an “outperform” rating in a research note on Friday, May 26th. Finally, BMO Capital Markets increased their price target on shares of BRP from C$38.00 to C$44.00 and gave the company an “outperform” rating in a research note on Friday, June 2nd.
In other news, Director Edward Michael Philip sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The shares were 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 company’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of C$40.30, for a total transaction of C$205,530.00. In the last three months, insiders sold 24,693 shares of company stock valued at $970,447.
BRP (DOO) opened at 41.44 on Tuesday. The company has a 50 day moving average of $39.64 and a 200-day moving average of $33.64. BRP has a one year low of $22.20 and a one year high of $41.94. The company has a market cap of $4.63 billion and a P/E ratio of 36.54.
BRP (TSE:DOO) last posted its quarterly earnings results on Friday, June 9th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.15. BRP had a negative net margin of 1.93% and a negative return on equity of 47.28%. The business had revenue of $956.20 million during the quarter, compared to analysts’ expectations of $1.03 billion. On average, equities analysts expect that BRP will post $2.38 earnings per share for the current fiscal year.
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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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