BRP (TSE:DOO) Price Target Raised to C$84.00

BRP (TSE:DOO) had its price objective boosted by investment analysts at National Bank Financial from C$80.00 to C$84.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 6.52% from the stock’s current price.

Several other research analysts have also issued reports on the company. Scotiabank increased their price objective on BRP from C$80.00 to C$83.00 and gave the stock a “sector perform” rating in a research note on Friday. Canadian Imperial Bank of Commerce increased their price objective on BRP from C$90.00 to C$94.00 and gave the stock an “outperformer” rating in a research note on Friday. Wells Fargo & Company increased their price objective on BRP from C$105.00 to C$110.00 and gave the stock an “overweight” rating in a research note on Friday, March 27th. Citigroup dropped their price objective on BRP from C$75.00 to C$74.00 and set a “buy” rating for the company in a research note on Friday. Finally, TD Securities cut BRP from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$98.33.

BRP Price Performance

BRP stock traded down C$2.07 during mid-day trading on Friday, hitting C$78.86. 160,259 shares of the company were exchanged, compared to its average volume of 296,492. The company has a quick ratio of 0.20, a current ratio of 1.27 and a debt-to-equity ratio of 443.59. The business has a fifty day moving average of C$84.75 and a 200 day moving average of C$94.93. BRP has a 1-year low of C$53.60 and a 1-year high of C$112.26. The company has a market capitalization of C$5.81 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 2.05 and a beta of 1.03.

BRP (TSE:DOO) last released its quarterly earnings data on Thursday, May 28th. The company reported C$1.83 earnings per share (EPS) for the quarter. BRP had a return on equity of 54.95% and a net margin of 3.45%.The firm had revenue of C$2.39 billion during the quarter. As a group, sell-side analysts expect that BRP will post 6.890971 earnings per share for the current year.

BRP Company Profile

BRP designs, develops, manufactures, distributes, and markets snowmobiles, all-terrain vehicles, and personal watercraft under the Ski-Doo, Sea-Doo, Can-Am, and Lynx brand names. It also builds engines under the Rotax brand (after discontinuing the Evinrude outboard engine business in 2020) and offers clothing, parts, and accessories that cater to its core consumers. In 2018, BRP created a marine group, acquiring boat manufacturers Alumacraft, Triton (which makes Manitou pontoon boats), and Telwater (in Australia).