BRP Inc (TSE:DOO) – Equities researchers at Desjardins dropped their Q3 2017 EPS estimates for shares of BRP in a note issued to investors on Monday. Desjardins analyst B. Poirier now forecasts that the brokerage will earn $0.71 per share for the quarter, down from their prior forecast of $0.76. Desjardins currently has a “Buy” rating and a $31.00 target price on the stock. Desjardins also issued estimates for BRP’s Q4 2017 earnings at $1.14 EPS.
DOO has been the subject of several other reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a C$27.00 price objective on shares of BRP in a research report on Friday, June 3rd. Scotiabank reiterated an “outperform” rating and issued a C$29.00 price objective on shares of BRP in a research report on Monday. Canaccord Genuity boosted their price objective on BRP from C$27.50 to C$30.00 in a research report on Monday, September 12th. BMO Capital Markets set a C$30.00 price objective on BRP and gave the company a “market perform” rating in a research report on Monday, September 12th. Finally, CIBC boosted their price objective on BRP from C$28.00 to C$31.00 in a research report on Monday, September 12th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of C$29.25.
BRP (TSE:DOO) traded up 0.86% during mid-day trading on Tuesday, hitting $25.92. 4,266 shares of the company traded hands. The company’s 50-day moving average price is $24.48 and its 200 day moving average price is $21.19. The company has a market capitalization of $2.90 billion and a price-to-earnings ratio of 37.89. BRP has a one year low of $13.87 and a one year high of $27.30.
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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