BRP (DOO) Shares Down 4.1%

BRP Inc (TSE:DOO) shares dropped 4.1% during trading on Wednesday . The company traded as low as C$49.62 and last traded at C$50.17. Approximately 130,047 shares traded hands during mid-day trading, a decline of 5% from the average daily volume of 137,030 shares. The stock had previously closed at C$52.30.

DOO has been the topic of a number of research analyst reports. Citigroup boosted their price target on BRP from C$46.00 to C$58.00 in a report on Monday, December 11th. Royal Bank of Canada cut BRP from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from C$44.00 to C$49.00 in a report on Monday, December 4th. Scotiabank reissued an “outperform” rating and issued a C$46.00 price target on shares of BRP in a report on Wednesday, October 18th. Desjardins reissued a “buy” rating on shares of BRP in a report on Tuesday, October 17th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a C$54.00 price target on shares of BRP in a report on Tuesday, December 12th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of C$53.33.

The firm has a market capitalization of $5,150.00, a P/E ratio of 18.46 and a beta of 0.97.

BRP (TSE:DOO) last released its quarterly earnings data on Friday, December 1st. The company reported C$1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.95 by C$0.10. The firm had revenue of C$1.24 billion during the quarter, compared to the consensus estimate of C$1.14 billion.

In other BRP news, insider Pascal Gauthier sold 600 shares of BRP stock in a transaction that occurred on Friday, December 8th. The stock was 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.

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