CIBC Increases BRP (TSE:DOO) Price Target to C$138.00

BRP (TSE:DOO) had its price objective upped by CIBC from C$137.00 to C$138.00 in a report released on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s target price would suggest a potential upside of 36.00% from the stock’s current price.

Several other brokerages have also recently weighed in on DOO. Royal Bank of Canada boosted their price objective on BRP from C$138.00 to C$141.00 and gave the stock an “outperform” rating in a report on Friday, June 2nd. BMO Capital Markets set a C$154.00 price objective on BRP and gave the stock an “outperform” rating in a report on Tuesday, August 22nd. UBS Group boosted their price objective on BRP from C$179.00 to C$187.00 in a report on Wednesday, June 14th. Citigroup dropped their price objective on BRP from C$117.00 to C$108.00 in a report on Friday, June 2nd. Finally, DA Davidson set a C$126.00 price objective on BRP and gave the stock a “buy” rating in a report on Friday, August 18th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$139.50.

BRP Stock Performance

BRP stock opened at C$101.47 on Friday. The stock has a 50-day simple moving average of C$110.51 and a 200 day simple moving average of C$106.74. The company has a quick ratio of 0.20, a current ratio of 1.34 and a debt-to-equity ratio of 529.83. BRP has a 12-month low of C$80.87 and a 12-month high of C$122.41. The stock has a market capitalization of C$3.62 billion, a price-to-earnings ratio of 9.12, a P/E/G ratio of 0.91 and a beta of 2.49.

BRP (TSE:DOO) last released its quarterly earnings results on Thursday, September 7th. The company reported C$3.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$2.90 by C$0.31. BRP had a return on equity of 491.74% and a net margin of 8.42%. The business had revenue of C$2.78 billion during the quarter, compared to analysts’ expectations of C$2.70 billion. On average, research analysts anticipate that BRP will post 13.4235145 earnings per share for the current fiscal 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.