BRP Inc (NASDAQ:DOOO) – Stock analysts at Desjardins reduced their FY2019 EPS estimates for shares of BRP in a research note issued on Monday, December 3rd. Desjardins analyst B. Poirier now expects that the company will earn $2.26 per share for the year, down from their previous forecast of $2.38. Desjardins has a “Buy” rating on the stock. Desjardins also issued estimates for BRP’s Q4 2019 earnings at $0.58 EPS, FY2020 earnings at $2.71 EPS and FY2021 earnings at $3.04 EPS.
Several other research firms have also recently weighed in on DOOO. National Bank Financial upgraded BRP from a “sector perform overweight” rating to an “outperform overweight” rating in a report on Tuesday, October 9th. Royal Bank of Canada upgraded BRP from a “sector perform” rating to an “outperform” rating in a report on Tuesday, October 9th. GMP Securities assumed coverage on BRP in a report on Monday. They issued a “buy” rating for the company. Canaccord Genuity reiterated a “buy” rating on shares of BRP in a report on Sunday. Finally, Zacks Investment Research cut BRP from a “hold” rating to a “sell” rating in a report on Tuesday. One analyst has rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. BRP currently has a consensus rating of “Buy”.
NASDAQ DOOO opened at $32.44 on Tuesday. BRP has a fifty-two week low of $30.23 and a fifty-two week high of $55.41.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 11th. Stockholders of record on Friday, December 28th will be paid a $0.0679 dividend. This represents a $0.27 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, December 27th.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of BRP in the 3rd quarter valued at approximately $100,000. Shell Asset Management Co. purchased a new position in shares of BRP in the 3rd quarter valued at approximately $177,000. Annex Advisory Services LLC purchased a new position in shares of BRP in the 3rd quarter valued at approximately $272,000. Bank of New York Mellon Corp purchased a new position in shares of BRP in the 3rd quarter valued at approximately $300,000. Finally, CLARET ASSET MANAGEMENT Corp purchased a new position in shares of BRP in the 3rd quarter valued at approximately $300,000. Institutional investors own 28.61% of the company’s stock.
BRP Company Profile
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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