Research Analysts Set Expectations for BRP Inc’s Q2 2021 Earnings (NASDAQ:DOOO)

BRP Inc (NASDAQ:DOOO) – Research analysts at Desjardins issued their Q2 2021 EPS estimates for BRP in a report released on Monday, March 23rd. Desjardins analyst B. Poirier expects that the company will post earnings of ($0.15) per share for the quarter. Desjardins also issued estimates for BRP’s Q4 2021 earnings at $0.17 EPS, FY2021 earnings at $2.68 EPS and FY2022 earnings at $0.68 EPS.

Several other equities analysts also recently commented on DOOO. Northcoast Research downgraded shares of BRP from a “buy” rating to a “neutral” rating in a research report on Friday, February 21st. Royal Bank of Canada reissued a “buy” rating and set a $77.00 target price on shares of BRP in a research report on Wednesday, March 4th. Zacks Investment Research raised shares of BRP from a “sell” rating to a “hold” rating in a research report on Monday. BMO Capital Markets downgraded BRP from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $72.00 to $26.00 in a research report on Monday. Finally, TD Securities downgraded BRP from a “buy” rating to a “hold” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $50.34.

BRP stock opened at $18.83 on Thursday. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 6.19, a PEG ratio of 0.30 and a beta of 2.01. BRP has a one year low of $12.97 and a one year high of $56.89. The company’s fifty day moving average price is $39.83 and its two-hundred day moving average price is $43.35.

Large investors have recently modified their holdings of the company. Great West Life Assurance Co. Can lifted its stake in shares of BRP by 4.2% in the fourth quarter. Great West Life Assurance Co. Can now owns 5,337 shares of the company’s stock valued at $242,000 after buying an additional 213 shares during the period. Public Sector Pension Investment Board lifted its stake in shares of BRP by 1.9% in the fourth quarter. Public Sector Pension Investment Board now owns 113,200 shares of the company’s stock valued at $5,164,000 after buying an additional 2,100 shares during the period. Alberta Investment Management Corp lifted its stake in shares of BRP by 0.6% in the fourth quarter. Alberta Investment Management Corp now owns 518,800 shares of the company’s stock valued at $23,669,000 after buying an additional 3,300 shares during the period. Cubist Systematic Strategies LLC lifted its stake in shares of BRP by 13.4% in the fourth quarter. Cubist Systematic Strategies LLC now owns 33,061 shares of the company’s stock valued at $1,506,000 after buying an additional 3,915 shares during the period. Finally, Swiss National Bank lifted its stake in shares of BRP by 9.9% in the fourth quarter. Swiss National Bank now owns 82,200 shares of the company’s stock valued at $3,740,000 after buying an additional 7,400 shares during the period. 29.12% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for BRP (NASDAQ:DOOO)

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