Citigroup Cuts BRP (NASDAQ:DOO) Price Target to $74.00

BRP (NASDAQ:DOO) had its target price lowered by investment analysts at Citigroup from $75.00 to $74.00 in a report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s target price would suggest a potential upside of 29.75% from the stock’s current price.

A number of other analysts have also commented on the company. Scotiabank reaffirmed a “sector perform” rating on shares of BRP in a research note on Friday. Stifel Nicolaus lowered BRP from a “buy” rating to a “hold” rating in a research note on Friday. TD Cowen lowered BRP from a “buy” rating to a “hold” rating in a research note on Wednesday, April 15th. TD Securities restated a “hold” rating on shares of BRP in a research report on Friday. Finally, Raymond James Financial lowered BRP from a “strong-buy” rating to a “market perform” rating in a research report on Friday, April 24th. Four equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $85.33.

BRP Price Performance

BRP stock traded down $1.54 during trading hours on Friday, reaching $57.03. The company had a trading volume of 148,515 shares, compared to its average volume of 350,414. The company has a debt-to-equity ratio of 3.92, a quick ratio of 0.56 and a current ratio of 1.27. The stock has a 50-day simple moving average of $61.54. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 19.60 and a beta of 0.90. BRP has a 12-month low of $38.18 and a 12-month high of $81.89.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Quarry LP bought a new position in shares of BRP in the 4th quarter worth $30,000. Signaturefd LLC purchased a new position in BRP during the 4th quarter worth $43,000. Quadrant Capital Group LLC purchased a new position in BRP during the 4th quarter worth $89,000. PNC Financial Services Group Inc. purchased a new position in BRP during the 4th quarter worth $142,000. Finally, Intact Investment Management Inc. purchased a new position in BRP during the 4th quarter worth $156,000.

Key BRP News

Here are the key news stories impacting BRP this week:

• Positive Sentiment: BRP reported fiscal Q1 results that beat analyst expectations, with EPS of $1.33 versus $0.75 expected and revenue of $1.74 billion versus $1.52 billion expected. Revenue rose 29.5% year over year, supported by higher shipments and market share gains in North American ORV. Article Title
• Positive Sentiment: The company also issued revised full-year guidance above consensus, saying it now expects revenues of $9.1 billion to $9.4 billion and normalized diluted EPS of $3.00 to $3.50, which suggests management sees continued demand despite tariff headwinds. Article Title
• Positive Sentiment: BRP later updated FY2027 guidance again, with EPS of 2.190 to 2.550 and revenue of $6.7 billion to $6.8 billion, both ahead of current consensus estimates, reinforcing the view that management expects results to hold up better than feared.
• Neutral Sentiment: The company declared a quarterly dividend of $0.25 per share, signaling continued capital return to shareholders but likely having limited near-term impact on the stock.
• Neutral Sentiment: BRP also announced elections of directors and board committee composition following its annual shareholder meeting, a routine governance update. Article Title
• Negative Sentiment: Sentiment was tempered by news that BRP was downgraded by Stifel Nicolaus from buy to hold, which may limit follow-through after the earnings-driven rally.
• Negative Sentiment: Management said tariffs will weigh on profits, and media reports highlighted a meaningful hit to profitability even as sales improved, creating uncertainty around margins going forward. Article Title

About BRP

BRP Inc, headquartered in Valcourt, Quebec, designs, manufactures and distributes powersports vehicles and propulsion systems for recreational and utility use. The company traces its roots to the Bombardier family and the early development of the snowmobile, and it operates as a global manufacturer of recreational vehicles and related technologies.

BRP’s product portfolio includes snowmobiles, personal watercraft and sport boats, off-road vehicles (including all-terrain and side-by-side models) and three‑wheel on‑road vehicles.