BRP Inc (TSE:DOO) – Desjardins reduced their Q4 2018 earnings per share estimates for BRP in a note issued to investors on Monday. Desjardins analyst B. Poirier now expects that the company will earn $0.90 per share for the quarter, down from their previous estimate of $0.99. Desjardins also issued estimates for BRP’s FY2019 earnings at $2.64 EPS.

A number of other equities research analysts also recently issued reports on the company. National Bank Financial increased their price target on BRP from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a research report on Friday, September 1st. Scotiabank reissued an “outperform” rating and set a C$46.00 price target on shares of BRP in a research report on Wednesday, October 18th. BMO Capital Markets reissued an “outperform” rating and set a C$46.00 price target on shares of BRP in a research report on Tuesday, September 5th. Canaccord Genuity increased their price target on BRP from C$50.00 to C$51.00 and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. Finally, Royal Bank Of Canada downgraded BRP from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from C$44.00 to C$49.00 in a research report on Monday. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of C$52.50.

Shares of BRP (TSE:DOO) traded up C$0.83 during trading hours on Tuesday, reaching C$47.95. The company had a trading volume of 141,444 shares, compared to its average volume of 111,783. BRP has a 1-year low of C$24.35 and a 1-year high of C$50.00.

In other news, insider Martin Langelier sold 38,775 shares of the stock in a transaction on Thursday, September 21st. The stock was sold at an average price of C$41.00, for a total value of C$1,589,775.00. Also, insider Sandy Scullion sold 700 shares of the stock in a transaction on Monday, October 16th. The shares were sold at an average price of C$40.70, for a total value of C$28,490.00. In the last ninety days, insiders sold 39,675 shares of company stock worth $1,626,205.

The firm also recently announced a Not Available dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a $0.08 dividend. The ex-dividend date is Thursday, December 28th. BRP’s dividend payout ratio is presently 7.65%.

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About BRP

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.

Earnings History and Estimates for BRP (TSE:DOO)

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