BRP Inc (TSE:DOO) Receives C$64.88 Consensus Price Target from Brokerages

BRP Inc (TSE:DOO) has been given a consensus rating of “Hold” by the twelve research firms that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$46.20.

Several equities analysts recently commented on the stock. National Bank Financial dropped their price objective on shares of BRP from C$65.00 to C$38.00 and set a “sector perform” rating for the company in a research note on Monday. Royal Bank of Canada dropped their price objective on shares of BRP from C$56.00 to C$40.00 and set an “outperform” rating for the company in a research note on Monday. UBS Group increased their price objective on shares of BRP from C$60.00 to C$74.00 in a research note on Friday, November 29th. CIBC downgraded shares of BRP from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from C$70.00 to C$28.00 in a research note on Monday. Finally, BMO Capital Markets downgraded shares of BRP from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from C$72.00 to C$26.00 in a research note on Monday.

TSE:DOO traded up C$3.27 on Monday, hitting C$26.28. The company had a trading volume of 756,790 shares, compared to its average volume of 455,976. The stock has a market capitalization of $1.83 billion and a price-to-earnings ratio of 7.50. The firm has a 50 day moving average of C$53.73 and a two-hundred day moving average of C$57.44. BRP has a 52 week low of C$18.56 and a 52 week high of C$75.37.

BRP (TSE:DOO) last issued its quarterly earnings data on Friday, March 20th. The company reported C$1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.06 by C$0.06. The company had revenue of C$1.62 billion during the quarter, compared to the consensus estimate of C$1.52 billion. As a group, equities analysts expect that BRP will post 4.3000004 earnings per share for the current fiscal year.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersport vehicles and marine products worldwide. It operates through two segments, Powersports and Marine. The company offers all-terrain, side-by-side, and three-wheeled vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircraft.

Further Reading: Example of operating income, EBIT and EBITDA

Analyst Recommendations for BRP (TSE:DOO)

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