BRP (TSE:DOO) Upgraded to Buy at TD

BRP (TSE:DOO) was upgraded by TD from a “hold” rating to a “buy” rating in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a C$106.00 price target on the stock, up from their prior price target of C$92.00. TD’s price objective would indicate a potential upside of 12.55% from the stock’s previous close.

Several other research firms have also weighed in on DOO. Desjardins raised their price objective on shares of BRP from C$97.00 to C$103.00 and gave the stock a “buy” rating in a report on Monday, June 1st. TD Securities upgraded BRP from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. National Bank Financial raised their price target on BRP from C$80.00 to C$84.00 and gave the company a “sector perform” rating in a report on Friday, May 29th. Scotiabank lifted their price objective on BRP from C$80.00 to C$83.00 and gave the company a “sector perform” rating in a research report on Friday, May 29th. Finally, Citigroup cut their price objective on BRP from C$75.00 to C$74.00 and set a “buy” rating for the company in a research report on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$99.67.

BRP Price Performance

Shares of BRP stock traded down C$1.13 during mid-day trading on Wednesday, reaching C$94.18. 125,698 shares of the stock were exchanged, compared to its average volume of 290,906. The company has a market cap of C$6.94 billion, a price-to-earnings ratio of 25.73, a price-to-earnings-growth ratio of 2.05 and a beta of 0.81. The company has a current ratio of 1.30, a quick ratio of 0.20 and a debt-to-equity ratio of 419.45. The firm has a 50-day simple moving average of C$86.23 and a 200 day simple moving average of C$89.19. BRP has a fifty-two week low of C$67.11 and a fifty-two week high of C$112.26.

BRP (TSE:DOO) last announced its quarterly earnings results on Thursday, May 28th. The company reported C$1.83 earnings per share (EPS) for the quarter. The firm had revenue of C$2.39 billion during the quarter. BRP had a net margin of 3.01% and a return on equity of 46.01%. On average, sell-side analysts predict that BRP will post 6.890971 EPS for the current fiscal year.

About BRP

BRP Inc is a global leader in the world of powersports products and powertrains, built on over 80 years of ingenuity, innovation, and intensive consumer focus. Through its portfolio of industry-leading and distinctive brands featuring Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on- and off-road vehicles, Quintrex boats as well as Rotax engines for karts, recreational aircraft and jet boats, BRP unlocks exhilarating adventures and provides access to experiences across different playgrounds.