Brokerages Set BRP Inc (DOO) Price Target at $67.00
Shares of BRP Inc (TSE:DOO) have earned a consensus recommendation of “Buy” from the ten ratings firms that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have covered the stock in the last year is C$67.00.
A number of research firms have recently issued reports on DOO. Desjardins raised their price target on BRP from C$76.00 to C$78.00 and gave the stock a “buy” rating in a research note on Wednesday, October 10th. Robert W. Baird dropped their price target on BRP from C$75.00 to C$65.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 9th. BMO Capital Markets raised their price target on BRP from C$70.00 to C$76.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 4th. National Bank Financial raised their price target on BRP from C$67.00 to C$71.00 and gave the stock a “sector perform” rating in a research note on Friday, August 31st. Finally, CIBC raised their price target on BRP from C$69.00 to C$79.00 in a research note on Friday, August 31st.
In related news, insider Tracy Jerry Crocker bought 2,000 shares of the stock in a transaction that occurred on Wednesday, September 19th. The shares were bought at an average cost of C$45.80 per share, for a total transaction of C$91,600.00.
BRP (TSE:DOO) last released its quarterly earnings results on Thursday, August 30th. The company reported C$0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.31 by C$0.35. The firm had revenue of C$1.21 billion during the quarter, compared to analysts’ expectations of C$1.10 billion. On average, equities research analysts expect that BRP will post 3.62999987022241 earnings per share for the current fiscal year.
BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and propulsion systems worldwide. The company offers all-terrain, side-by-side, and spyder vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircrafts.
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