BRP Inc (TSE:DOO) Given Consensus Recommendation of “Buy” by Brokerages

Shares of BRP Inc (TSE:DOO) have been assigned a consensus rating of “Buy” from the eleven research firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$58.70.

DOO has been the subject of several recent analyst reports. Goldman Sachs Group reaffirmed a “neutral” rating and set a C$47.00 price objective on shares of BRP in a report on Wednesday, April 24th. TD Securities raised their price objective on shares of BRP from C$46.00 to C$47.00 and gave the stock a “hold” rating in a report on Friday, May 31st. National Bank Financial raised their price objective on shares of BRP from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a report on Monday, June 3rd. Citigroup raised their price objective on shares of BRP from C$49.00 to C$54.00 in a report on Wednesday, July 24th. Finally, CIBC raised their price objective on shares of BRP from C$50.00 to C$52.00 in a report on Friday, May 31st.

Shares of TSE DOO traded up C$0.14 during mid-day trading on Friday, hitting C$40.19. 87,864 shares of the stock were exchanged, compared to its average volume of 304,252. The company has a market cap of $3.82 billion and a P/E ratio of 16.63. The stock’s fifty day simple moving average is C$45.91 and its two-hundred day simple moving average is C$41.39. BRP has a twelve month low of C$32.36 and a twelve month high of C$74.67.

BRP (TSE:DOO) last posted its quarterly earnings data on Thursday, May 30th. The company reported C$0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.51 by C$0.03. The firm had revenue of C$1.33 billion for the quarter, compared to analyst estimates of C$1.26 billion. Analysts forecast that BRP will post 4.0799997 EPS for the current year.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersport vehicles and marine products worldwide. It operates through two segments, Powersports and Marine. The company offers all-terrain, side-by-side, and three-wheeled vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircraft.

Read More: What does a hold rating mean?

Analyst Recommendations for BRP (TSE:DOO)

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