In a report released today, Joseph Altobello from Raymond James maintained a Buy rating on BRP (DOOO – Research Report), with a price target of C$125.00. The company’s shares closed today at $74.31.
Altobello covers the Consumer Cyclical sector, focusing on stocks such as Camping World Holdings, Malibu Boats, and MasterCraft Boat Holdings. According to TipRanks, Altobello has an average return of 11.5% and a 55.43% success rate on recommended stocks.
In addition to Raymond James, BRP also received a Buy from Scotiabank’s Jonathan Goldman in a report issued today. However, on the same day, Citi maintained a Hold rating on BRP (NASDAQ: DOOO).
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The company has a one-year high of $92.74 and a one-year low of $58.42. Currently, BRP has an average volume of 60.85K.
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DOOO in relation to earlier this year.
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BRP, Inc. is a holding company, which engages in the design, development, manufacture, distribution, and marketing of power sports vehicles and marine products. Its brands include Ski-Doo, Lynx, Sea-Doo, Evinrude, Rotax, Can-Am, and Alumacraft. The company was founded on May 1, 2003 and is headquartered in Valcourt, Canada.
Read More on DOOO:
- BRP Inc. raises FY24 normalized EPS view to C$12.35-C$12.85 from C$12.25-C$12.75
- BRP Inc. reports Q2 normalized EPS C$3.21 vs. C$2.94 last year
- BRP PRESENTS ITS SECOND QUARTER RESULTS FOR FISCAL YEAR 2024
- DOOO Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- 3 Best Stocks to Buy Now, 8/29/2023, According to Top Analysts
