BRP (DOO) Stock Rating Lowered by National Bank Financial

BRP (TSE:DOO) was downgraded by analysts at National Bank Financial from an “outperform overweight” rating to a “sector perform overweight” rating in a research note issued to investors on Wednesday. They presently have a C$54.00 target price on the stock, up from their previous target price of C$52.00. National Bank Financial’s target price points to a potential upside of 8.56% from the stock’s previous close. National Bank Financial also issued estimates for BRP’s FY2020 earnings at $3.11 EPS.

Other equities analysts have also issued reports about the stock. Citigroup lifted their target price on shares of BRP from C$46.00 to C$58.00 in a report on Monday, December 11th. Desjardins lifted their target price on shares of BRP from C$46.00 to C$54.00 in a report on Monday, December 4th. CIBC lifted their target price on shares of BRP from C$46.00 to C$54.00 in a report on Monday, December 4th. Canaccord Genuity lifted their target price on shares of BRP from C$51.00 to C$56.00 in a report on Monday, December 4th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a C$54.00 target price on shares of BRP in a report on Tuesday, December 12th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of C$53.33.

BRP (TSE:DOO) opened at C$49.74 on Wednesday. The firm has a market cap of $5,150.00, a P/E ratio of 18.42 and a beta of 0.97. BRP has a 1-year low of C$25.50 and a 1-year high of C$53.24.

BRP (TSE:DOO) last posted its earnings results on Friday, December 1st. The company reported C$1.05 earnings per share for the quarter, beating the consensus estimate of C$0.95 by C$0.10. The firm had revenue of C$1.24 billion for the quarter, compared to analysts’ expectations of C$1.14 billion.

In related news, insider Pascal Gauthier sold 600 shares of BRP stock in a transaction on Friday, December 8th. The shares were sold at an average price of C$48.30, for a total value of C$28,980.00.

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About BRP

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.

Analyst Recommendations for BRP (TSE:DOO)

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