BRP Inc (NASDAQ:DOOO) – Equities research analysts at Desjardins issued their Q1 2021 earnings per share estimates for shares of BRP in a research report issued on Monday, March 23rd. Desjardins analyst B. Poirier anticipates that the company will earn $0.32 per share for the quarter. Desjardins also issued estimates for BRP’s Q3 2021 earnings at $0.34 EPS and FY2023 earnings at $1.10 EPS.
A number of other analysts have also recently issued reports on the company. TD Securities cut BRP from a “buy” rating to a “hold” rating in a research report on Monday. Zacks Investment Research raised BRP from a “sell” rating to a “hold” rating in a research report on Monday. BidaskClub cut BRP from a “sell” rating to a “strong sell” rating in a research report on Friday, March 20th. Canaccord Genuity decreased their target price on BRP from $80.00 to $40.00 and set a “buy” rating for the company in a research report on Monday. Finally, ValuEngine raised BRP from a “sell” rating to a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $50.34.
Shares of NASDAQ DOOO opened at $18.83 on Wednesday. The stock has a market cap of $1.26 billion, a PE ratio of 6.19, a price-to-earnings-growth ratio of 0.30 and a beta of 2.01. BRP has a 52-week low of $12.97 and a 52-week high of $56.89. The business has a 50-day moving average price of $39.83 and a 200 day moving average price of $43.35.
A number of institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in BRP during the 4th quarter worth approximately $28,715,000. Geode Capital Management LLC raised its stake in shares of BRP by 162.3% during the 4th quarter. Geode Capital Management LLC now owns 106,866 shares of the company’s stock worth $4,868,000 after buying an additional 66,130 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of BRP by 49.2% during the 4th quarter. Alliancebernstein L.P. now owns 367,995 shares of the company’s stock worth $16,770,000 after buying an additional 121,327 shares in the last quarter. Man Group plc raised its stake in shares of BRP by 69.5% during the 4th quarter. Man Group plc now owns 378,983 shares of the company’s stock worth $17,290,000 after buying an additional 155,349 shares in the last quarter. Finally, Alberta Investment Management Corp raised its stake in shares of BRP by 0.6% during the 4th quarter. Alberta Investment Management Corp now owns 518,800 shares of the company’s stock worth $23,669,000 after buying an additional 3,300 shares in the last quarter. 29.12% of the stock is owned by institutional investors.
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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