Q3 2018 Earnings Estimate for BRP Inc (DOO) Issued By Desjardins
BRP Inc (TSE:DOO) – Desjardins lowered their Q3 2018 EPS estimates for BRP in a research report issued on Tuesday. Desjardins analyst B. Poirier now anticipates that the company will earn $0.96 per share for the quarter, down from their previous forecast of $1.03. Desjardins currently has a “Buy” rating and a $46.00 target price on the stock. Desjardins also issued estimates for BRP’s Q4 2018 earnings at $0.99 EPS and FY2018 earnings at $2.33 EPS.
A number of other analysts have also commented on DOO. BMO Capital Markets restated an “outperform” rating and set a C$46.00 target price on shares of BRP in a research report on Tuesday. Scotiabank lifted their price target on shares of BRP from C$41.00 to C$46.00 and gave the company an “outperform” rating in a report on Tuesday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a C$43.00 price target on shares of BRP in a report on Monday, August 21st. National Bank Financial lifted their price target on shares of BRP from C$45.00 to C$46.00 and gave the company an “outperform” rating in a report on Friday, September 1st. Finally, CIBC lifted their price target on shares of BRP from C$34.00 to C$42.00 in a report on Friday, June 2nd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of C$41.13.
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BRP (TSE:DOO) traded up 2.47% during midday trading on Thursday, hitting $40.73. The stock had a trading volume of 49,450 shares. The company has a market cap of $4.55 billion and a price-to-earnings ratio of 35.92. The company’s 50 day moving average is $40.35 and its 200 day moving average is $34.82. BRP has a 1-year low of $22.20 and a 1-year high of $43.88.
In other BRP news, Director Michael Hanley sold 5,100 shares of the business’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of C$40.30, for a total transaction of C$205,530.00. Also, Director Edward Michael Philip sold 1,000 shares of the business’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of C$39.69, for a total transaction of C$39,690.00. In the last ninety days, insiders have sold 24,693 shares of company stock worth $970,447.
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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