BRP Inc (NASDAQ:DOOO) – Analysts at Desjardins issued their Q1 2021 earnings per share (EPS) estimates for BRP in a research report issued to clients and investors on Monday, March 23rd. Desjardins analyst B. Poirier forecasts that the company will post earnings per share of $0.32 for the quarter. Desjardins also issued estimates for BRP’s Q3 2021 earnings at $0.34 EPS and FY2023 earnings at $1.10 EPS.
Several other equities research analysts also recently weighed in on DOOO. Royal Bank of Canada reissued a “buy” rating and issued a $77.00 price target on shares of BRP in a report on Wednesday, March 4th. BMO Capital Markets downgraded BRP from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $72.00 to $26.00 in a report on Monday. Canaccord Genuity lowered their price target on BRP from $80.00 to $40.00 and set a “buy” rating for the company in a report on Monday. TD Securities downgraded BRP from a “buy” rating to a “hold” rating in a report on Monday. Finally, BidaskClub downgraded BRP from a “sell” rating to a “strong sell” rating in a report on Friday, March 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. BRP presently has a consensus rating of “Hold” and an average target price of $50.34.
Shares of DOOO stock opened at $18.83 on Wednesday. BRP has a 1-year low of $12.97 and a 1-year high of $56.89. The stock’s 50-day moving average is $39.83 and its 200 day moving average is $43.35. The company has a market cap of $1.26 billion, a P/E ratio of 6.19, a PEG ratio of 0.30 and a beta of 2.01.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Great West Life Assurance Co. Can boosted its holdings in BRP by 4.2% in the fourth quarter. Great West Life Assurance Co. Can now owns 5,337 shares of the company’s stock worth $242,000 after acquiring an additional 213 shares in the last quarter. Public Sector Pension Investment Board raised its position in BRP by 1.9% during the fourth quarter. Public Sector Pension Investment Board now owns 113,200 shares of the company’s stock valued at $5,164,000 after acquiring an additional 2,100 shares in the last quarter. Alberta Investment Management Corp increased its position in shares of BRP by 0.6% in the fourth quarter. Alberta Investment Management Corp now owns 518,800 shares of the company’s stock valued at $23,669,000 after buying an additional 3,300 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in shares of BRP by 13.4% in the fourth quarter. Cubist Systematic Strategies LLC now owns 33,061 shares of the company’s stock valued at $1,506,000 after buying an additional 3,915 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of BRP by 9.9% in the fourth quarter. Swiss National Bank now owns 82,200 shares of the company’s stock valued at $3,740,000 after buying an additional 7,400 shares in the last quarter. 29.12% of the stock is owned by institutional investors and hedge funds.
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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