Brokers Issue Forecasts for BRP Inc’s Q4 2018 Earnings (DOO)
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.
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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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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