BMO Capital Markets Boosts BRP (TSE:DOO) Price Target to C$120.00

BRP (TSE:DOO) had its target price raised by research analysts at BMO Capital Markets from C$115.00 to C$120.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 30.68% from the company’s previous close.

A number of other equities analysts also recently commented on the company. Citigroup lifted their price objective on BRP from C$122.00 to C$128.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Desjardins raised their target price on BRP from C$117.00 to C$130.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. TD Securities lifted their price target on BRP from C$106.00 to C$119.00 and gave the stock a “buy” rating in a report on Friday, December 5th. Wells Fargo & Company lifted their price target on BRP from C$105.00 to C$110.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Scotiabank boosted their price target on shares of BRP from C$102.00 to C$117.00 and gave the company a “sector perform” rating in a research report on Friday, December 5th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, BRP has a consensus rating of “Moderate Buy” and an average target price of C$116.29.

BRP Trading Down 1.3%

DOO opened at C$91.83 on Friday. The company has a debt-to-equity ratio of 443.59, a current ratio of 1.27 and a quick ratio of 0.20. The company’s 50 day simple moving average is C$100.39 and its two-hundred day simple moving average is C$96.58. BRP has a 1-year low of C$43.88 and a 1-year high of C$112.26. The firm has a market capitalization of C$6.71 billion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 2.05 and a beta of 1.15.

BRP (TSE:DOO) last issued its earnings results on Thursday, March 26th. The company reported C$2.21 earnings per share for the quarter. The business had revenue of C$2.46 billion for the quarter. BRP had a return on equity of 54.95% and a net margin of 3.45%. Analysts expect that BRP will post 6.890971 EPS for the current fiscal year.

More BRP News

Here are the key news stories impacting BRP this week:

• Positive Sentiment: BRP reported Q4 EPS of C$2.21 and revenue of C$2.46 billion (revenue up ~16%), and raised its dividend — positive fundamental news that supports the equity case. BRP ups dividend, reports $45.8M Q4 profit, revenue up 16 per cent
• Positive Sentiment: Several brokers raised targets/ratings: Desjardins bumped its target to C$138 (buy), BMO raised to C$120 (outperform), and Wells Fargo lifted its target to C$110 (overweight) — these increases signal continued analyst confidence and meaningful upside from current levels. Analyst rating roundup
• Neutral Sentiment: Ci Capital trimmed its target from C$128 to C$119 but kept a buy rating (still substantial upside), a more modest adjustment versus some peers. Ci Capital target change
• Neutral Sentiment: Raymond James cut its target slightly to C$115 from C$117 but the target still implies solid upside — mixed analyst tweaks add to near-term volatility rather than a clear directional signal. Raymond James target change

About BRP

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).