BRP Inc (TSE:DOO) – Equities researchers at Northcoast Research lowered their FY2020 earnings estimates for shares of BRP in a research note issued to investors on Thursday, December 5th. Northcoast Research analyst B. Rolle now anticipates that the company will post earnings per share of $3.75 for the year, down from their previous forecast of $3.80. Northcoast Research currently has a “Buy” rating on the stock. Northcoast Research also issued estimates for BRP’s Q4 2020 earnings at $1.04 EPS and FY2021 earnings at $4.30 EPS.
DOO has been the topic of a number of other reports. CIBC lifted their price target on BRP from C$56.00 to C$64.00 in a research note on Thursday, October 31st. UBS Group boosted their price target on BRP from C$60.00 to C$74.00 in a report on Friday, November 29th. Desjardins upped their price objective on BRP from C$65.00 to C$66.00 and gave the company a “buy” rating in a research note on Friday, August 30th. National Bank Financial raised their price objective on shares of BRP from C$71.00 to C$73.00 and gave the company an “outperform” rating in a report on Thursday, November 28th. Finally, TD Securities lifted their target price on shares of BRP from C$70.00 to C$74.00 and gave the stock a “buy” rating in a research report on Thursday, November 28th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of C$67.29.
Shares of DOO opened at C$63.88 on Friday. The stock has a market cap of $5.66 billion and a PE ratio of 18.23. BRP has a 12-month low of C$32.36 and a 12-month high of C$67.00. The business has a 50-day simple moving average of C$60.53 and a two-hundred day simple moving average of C$49.64.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 10th. Investors of record on Friday, December 27th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, December 24th. This represents a $0.40 dividend on an annualized basis and a yield of 0.63%. BRP’s payout ratio is 11.13%.
BRP Company Profile
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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