Royal Bank Of Canada Raises BRP Inc (TSE:DOO) Price Target to C$43.00
BRP Inc (TSE:DOO) had its price objective upped by investment analysts at Royal Bank Of Canada from C$36.00 to C$43.00 in a report released on Monday, July 24th. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 4.80% from the company’s current price.
Several other equities analysts also recently commented on the company. Desjardins upped their price objective on BRP from C$44.00 to C$46.00 and gave the company a “buy” rating in a research report on Wednesday, July 19th. Northcoast Research downgraded BRP from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 27th. National Bank Financial upgraded BRP from a “sector perform under weight” rating to an “outperfrom under weight” rating in a report on Thursday, June 1st. BMO Capital Markets upped their target price on BRP from C$38.00 to C$44.00 and gave the stock an “outperform” rating in a report on Friday, June 2nd. Finally, Scotiabank upped their target price on BRP from C$33.00 to C$41.00 and gave the stock an “outperform” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of C$38.75.
BRP (DOO) opened at 41.03 on Monday. The company’s 50-day moving average is $39.23 and its 200-day moving average is $32.81. The company has a market capitalization of $4.59 billion and a price-to-earnings ratio of 36.18. BRP has a 52-week low of $22.10 and a 52-week high of $41.73.
BRP (TSE:DOO) last released its earnings results on Friday, June 9th. The company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.15. The firm had revenue of $956.20 million for the quarter, compared to the consensus estimate of $1.03 billion. BRP had a negative return on equity of 47.28% and a negative net margin of 1.93%. On average, analysts expect that BRP will post $2.38 earnings per share for the current fiscal year.
In related news, Director Edward Michael Philip sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of C$39.69, for a total transaction of C$39,690.00. Also, Director Michael Hanley sold 5,100 shares of the firm’s stock in a transaction dated Friday, June 23rd. The stock was sold at an average price of C$40.30, for a total value of C$205,530.00. Over the last quarter, insiders sold 24,693 shares of company stock valued at $970,447.
BRP Company Profile
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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