BMO Capital Markets cut shares of BRP (TSE:DOO) from an outperform rating to a market perform rating in a research note published on Monday morning, BayStreet.CA reports. The brokerage currently has C$26.00 price target on the stock, down from their prior price target of C$72.00.
A number of other research firms have also commented on DOO. National Bank Financial reduced their price objective on shares of BRP from C$73.00 to C$65.00 and set an outperform rating on the stock in a research note on Friday, February 28th. Northcoast Research downgraded shares of BRP from a buy rating to a neutral rating in a research report on Friday, February 21st. UBS Group boosted their target price on shares of BRP from C$60.00 to C$74.00 in a research report on Friday, November 29th. CIBC downgraded shares of BRP from an outperform rating to a neutral rating and dropped their target price for the company from C$70.00 to C$28.00 in a research report on Monday. Finally, Royal Bank of Canada dropped their target price on shares of BRP from C$56.00 to C$40.00 and set an outperform rating on the stock in a research report on Monday. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of C$46.20.
TSE:DOO opened at C$26.28 on Monday. The firm’s fifty day moving average is C$53.73 and its 200-day moving average is C$57.44. BRP has a 52 week low of C$18.56 and a 52 week high of C$75.37. The firm has a market cap of $1.83 billion and a P/E ratio of 7.50.
BRP (TSE:DOO) last posted its quarterly earnings data on Friday, March 20th. The company reported C$1.12 EPS for the quarter, beating the Zacks’ consensus estimate of C$1.06 by C$0.06. The firm had revenue of C$1.62 billion during the quarter, compared to the consensus estimate of C$1.52 billion. As a group, equities analysts expect that BRP will post 4.3000004 EPS for the current year.
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.
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