BRP Inc (DOO) Forecasted to Earn Q3 2017 Earnings of $0.71 Per Share
BRP Inc (TSE:DOO) – Desjardins lowered their Q3 2017 EPS estimates for BRP in a research note issued on Monday. Desjardins analyst B. Poirier now forecasts that the brokerage will post earnings per share of $0.71 for the quarter, down from their previous estimate of $0.76. Desjardins currently has a “Buy” rating and a $31.00 price target on the stock. Desjardins also issued estimates for BRP’s Q4 2017 earnings at $1.14 EPS.
Several other brokerages also recently commented on DOO. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$27.00 target price on shares of BRP in a research note on Friday, June 3rd. Scotiabank reaffirmed an “outperform” rating and issued a C$29.00 target price on shares of BRP in a research note on Monday. Canaccord Genuity lifted their target price on shares of BRP from C$27.50 to C$30.00 in a research note on Monday, September 12th. BMO Capital Markets set a C$30.00 target price on shares of BRP and gave the stock a “market perform” rating in a research note on Monday, September 12th. Finally, CIBC lifted their target price on shares of BRP from C$28.00 to C$31.00 in a research note on Monday, September 12th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of C$29.25.
BRP (TSE:DOO) traded up 0.86% during midday trading on Tuesday, hitting $25.92. 4,266 shares of the stock traded hands. The stock’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 52 week low of $13.87 and a 52 week 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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