TD Securities Increases BRP (TSE:DOO) Price Target to C$115.00

BRP (TSE:DOO) had its price target increased by TD Securities from C$110.00 to C$115.00 in a research note issued on Friday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ target price would indicate a potential upside of 13.33% from the company’s previous close.

Several other equities research analysts have also issued reports on the company. Royal Bank of Canada upped their price target on BRP from C$138.00 to C$141.00 and gave the company an “outperform” rating in a research report on Friday, June 2nd. Scotiabank lowered their price objective on BRP from C$145.00 to C$142.00 in a research note on Wednesday, July 5th. DA Davidson set a C$126.00 price objective on BRP and gave the stock a “buy” rating in a research note on Friday, August 18th. BMO Capital Markets lowered their price objective on BRP from C$154.00 to C$150.00 and set an “outperform” rating for the company in a research note on Friday. Finally, Desjardins set a C$143.00 price objective on BRP and gave the stock an “outperform” rating in a research note on Tuesday, August 22nd. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, BRP presently has an average rating of “Moderate Buy” and an average price target of C$139.50.

BRP Stock Performance

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

BRP (TSE:DOO) last posted its quarterly earnings results on Thursday, September 7th. The company reported C$3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.90 by C$0.31. The business had revenue of C$2.78 billion for 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, equities research analysts predict that BRP will post 13.4235145 EPS for the current year.

BRP Company Profile

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.