BRP (TSE:DOO) Given “Buy” Rating at DA Davidson

BRP (TSE:DOO – Get Rating)‘s stock had its “buy” rating reiterated by DA Davidson in a report released on Thursday, Marketbeat Ratings reports. They currently have a C$134.00 price objective on the stock. DA Davidson’s target price would suggest a potential upside of 29.51% from the company’s current price.

Other equities research analysts have also issued reports about the company. Royal Bank of Canada set a C$128.00 target price on BRP and gave the stock an “outperform” rating in a report on Monday, April 4th. CIBC boosted their target price on BRP from C$114.00 to C$124.00 and gave the stock an “outperform” rating in a report on Monday, March 28th. National Bankshares boosted their target price on BRP from C$124.00 to C$136.00 and gave the stock an “outperform” rating in a report on Monday, March 28th. Canaccord Genuity Group upped their price target on BRP from C$130.00 to C$136.00 in a report on Monday, March 28th. Finally, Raymond James upped their price target on BRP from C$137.00 to C$146.00 in a report on Monday, March 28th. Eleven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$138.92.

TSE:DOO traded down C$4.03 on Thursday, hitting C$103.47. 375,373 shares of the company’s stock traded hands, compared to its average volume of 252,612. BRP has a 1 year low of C$73.74 and a 1 year high of C$129.98. The firm has a 50-day moving average price of C$96.12 and a 200-day moving average price of C$101.98. The company has a market cap of C$8.39 billion and a PE ratio of 11.03.

BRP (TSE:DOO – Get Rating) last released its earnings results on Friday, March 25th. The company reported C$3.00 earnings per share for the quarter, beating the consensus estimate of C$2.50 by C$0.50. The business had revenue of C$2.35 billion for the quarter, compared to analysts’ expectations of C$2.28 billion. Analysts predict that BRP will post 11.9900002 earnings per share for the current fiscal year.

About BRP (Get Rating)

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The company operates through two segments, Powersports and Marine. It offers all-terrain, side-by-side, and three-wheeled vehicles; seasonal products, such as snowmobiles and personal watercraft; and engines for jet boats, outboards, karts, motorcycles, and recreational aircraft.

Recommended Stories