BRP (TSE:DOO) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

BRP (TSE:DOO) had its price objective lifted by research analysts at BMO Capital Markets from C$115.00 to C$120.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 30.15% from the company’s current price.

A number of other equities analysts have also recently issued reports on DOO. National Bank Financial upgraded shares of BRP from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$105.00 to C$125.00 in a research note on Friday, December 5th. Canadian Imperial Bank of Commerce lifted their target price on shares of BRP from C$115.00 to C$118.00 and gave the stock an “outperform” rating in a report on Friday, December 5th. Citigroup upped their target price on shares of BRP from C$122.00 to C$128.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. TD Securities raised their price target on shares of BRP from C$106.00 to C$119.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Finally, Raymond James Financial lowered their price objective on BRP from C$117.00 to C$115.00 in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$116.29.

BRP Stock Down 0.9%

Shares of BRP stock traded down C$0.88 during midday trading on Friday, hitting C$92.20. The company had a trading volume of 144,328 shares, compared to its average volume of 214,371. BRP has a 52-week low of C$43.88 and a 52-week high of C$112.26. The company has a debt-to-equity ratio of 489.75, a quick ratio of 0.20 and a current ratio of 1.23. The stock has a market capitalization of C$6.74 billion, a P/E ratio of 19.87, a P/E/G ratio of 2.05 and a beta of 1.15. The company has a 50 day moving average of C$100.73 and a 200 day moving average of C$96.55.

BRP (TSE:DOO) last released its earnings results on Thursday, March 26th. The company reported C$2.21 EPS for the quarter. BRP had a return on equity of 5.55% and a net margin of 0.30%.The business had revenue of C$2.46 billion for the quarter. On average, equities analysts predict that BRP will post 6.890971 earnings per share for the current fiscal 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).