BRP (TSE:DOO) Price Target Cut to C$150.00

BRP (TSE:DOO) had its target price decreased by research analysts at BMO Capital Markets from C$154.00 to C$150.00 in a research report issued on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 47.83% from the company’s current price.

Several other brokerages have also recently issued reports on DOO. UBS Group boosted their price objective on BRP from C$179.00 to C$187.00 in a report on Wednesday, June 14th. Royal Bank of Canada boosted their price objective on BRP from C$138.00 to C$141.00 and gave the company an “outperform” rating in a report on Friday, June 2nd. Scotiabank decreased their price objective on BRP from C$145.00 to C$142.00 in a report on Wednesday, July 5th. Citigroup upped their price target on BRP from C$108.00 to C$111.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Desjardins set a C$143.00 price target on BRP and gave the stock an “outperform” rating in a report on Tuesday, August 22nd. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$139.50.

BRP Stock Performance

Shares of DOO stock opened at C$101.47 on Friday. The firm has a market capitalization of C$3.62 billion, a price-to-earnings ratio of 9.12, a price-to-earnings-growth ratio of 0.91 and a beta of 2.49. The company has a debt-to-equity ratio of 529.83, a current ratio of 1.34 and a quick ratio of 0.20. The business has a fifty day moving average of C$110.51 and a 200 day moving average of C$106.74. BRP has a 1 year low of C$80.87 and a 1 year high of C$122.41.

BRP (TSE:DOO) last issued its earnings results on Thursday, September 7th. The company reported C$3.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$2.90 by C$0.31. The company had revenue of C$2.78 billion during the quarter, compared to analyst estimates of C$2.70 billion. BRP had a return on equity of 491.74% and a net margin of 8.42%. As a group, research analysts expect that BRP will post 13.4235145 earnings per share for the current year.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in North America, Europe, Australia, New Zealand, and Latin America. The company operates through two segments, Powersports and Marine. The Powersports segment offers year-round products, such as Can-Am ATVs, SSVs, and 3WVs; seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo PWCs and pontoons, and Rotax engines for karts and recreational aircraft.