Analysts Issue Forecasts for BRP Inc’s Q3 2018 Earnings (DOO)
BRP Inc (TSE:DOO) – Equities research analysts at Desjardins issued their Q3 2018 earnings per share (EPS) estimates for shares of BRP in a research report issued on Tuesday. Desjardins analyst B. Poirier forecasts that the company will post earnings per share of $0.96 for the quarter. Desjardins has a “Buy” rating on the stock. Desjardins also issued estimates for BRP’s Q4 2018 earnings at $0.99 EPS, FY2018 earnings at $2.33 EPS and FY2019 earnings at $2.63 EPS.
Several other equities research analysts have also recently weighed in on DOO. Northcoast Research cut 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 BRP from C$36.00 to C$43.00 and gave the company an “outperform” rating in a research note on Monday, July 24th. National Bank Financial increased their price target on BRP from C$42.00 to C$45.00 and gave the company an “outperform” rating in a research note on Wednesday, August 16th. BMO Capital Markets reissued an “outperform” rating and issued a C$46.00 price target on shares of BRP in a research note on Tuesday, September 5th. Finally, Scotiabank increased their price target on BRP from C$41.00 to C$46.00 and gave the company an “outperform” rating in a research note on Tuesday, September 5th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of C$44.25.
Shares of BRP (DOO) traded up 1.22% during trading on Friday, reaching $39.92. The company’s stock had a trading volume of 314,374 shares. BRP has a 12 month low of $22.20 and a 12 month high of $45.68. The company’s 50 day moving average price is $40.98 and its 200 day moving average price is $37.70. The firm has a market cap of $4.13 billion and a PE ratio of 15.08.
In related news, insider Sandy Scullion sold 700 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of C$40.70, for a total transaction of C$28,490.00. Also, insider Martin Langelier sold 38,775 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of C$41.00, for a total value of C$1,589,775.00. In the last three months, insiders sold 39,675 shares of company stock valued at $1,626,205.
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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