Desjardins Comments on BRP Inc’s Q4 2018 Earnings (DOO)
BRP Inc (TSE:DOO) – Analysts at Desjardins decreased their Q4 2018 earnings per share (EPS) estimates for shares of BRP in a research report issued on Monday. Desjardins analyst B. Poirier now anticipates that the company will post earnings per share of $0.90 for the quarter, down from their prior estimate of $0.99. Desjardins also issued estimates for BRP’s FY2019 earnings at $2.64 EPS.
DOO has been the topic of several other research reports. UBS raised BRP from a “neutral” rating to a “buy” rating and increased their target price for the company from C$40.00 to C$47.00 in a research report on Saturday, September 23rd. BMO Capital Markets increased their target price on BRP from C$46.00 to C$50.00 and gave the company an “outperform” rating in a research report on Monday, September 25th. National Bank Financial increased their target price on BRP from C$46.00 to C$49.00 and gave the company an “outperform” rating in a research report on Wednesday, November 8th. Scotiabank reaffirmed an “outperform” rating and set a C$46.00 target price on shares of BRP in a research report on Wednesday, October 18th. Finally, Canaccord Genuity increased their target price on BRP from C$50.00 to C$51.00 and gave the company a “buy” rating in a research report on Wednesday, November 22nd. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of C$52.50.
Shares of BRP (DOO) traded up C$0.21 during trading hours on Tuesday, reaching C$48.09. The company had a trading volume of 78,377 shares, compared to its average volume of 111,568. BRP has a 52 week low of C$25.19 and a 52 week high of C$50.00.
The business also recently announced a Not Available dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, December 28th. BRP’s dividend payout ratio (DPR) is presently 7.54%.
In other news, insider Sandy Scullion sold 700 shares of the stock in a transaction on Monday, October 16th. The stock was sold at an average price of C$40.70, for a total transaction of C$28,490.00. Also, insider Martin Langelier sold 38,775 shares of the stock in a transaction on Thursday, September 21st. The shares were sold at an average price of C$41.00, for a total value of C$1,589,775.00. Insiders have sold a total of 39,675 shares of company stock worth $1,626,205 in the last ninety days.
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BRP Company Profile
BRP Inc is engaged in the design, development, manufacturing, distribution and marketing of power sports vehicles and propulsion systems. The Company manufactures and sells Year-Round Products consisting of all-terrain vehicles (ATVs), side-by-side vehicles (SSVs) and roadsters; Seasonal Products consisting of snowmobiles and personal watercrafts (PWCs), and Propulsion Products consisting of engines for outboard and jet boats, karts, motorcycles and recreational aircraft.
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