BRP (TSE:DOO) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

BRP (TSE:DOO) had its target price raised by equities research analysts at Wells Fargo & Company from C$105.00 to C$110.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 19.79% from the company’s previous close.

A number of other analysts also recently issued reports on DOO. Royal Bank Of Canada lifted their price objective on shares of BRP from C$107.00 to C$131.00 and gave the stock an “outperform” rating in a report on Friday, December 5th. BMO Capital Markets raised their price target on BRP from C$105.00 to C$115.00 and gave the company an “outperform” rating in a research report 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 research note on Friday, December 5th. Stifel Nicolaus upped their price objective on BRP from C$106.00 to C$120.00 and gave the stock a “buy” rating in a report on Friday, December 5th. Finally, Canadian Imperial Bank of Commerce upped their price objective on BRP from C$115.00 to C$118.00 and gave the stock an “outperform” rating in a report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$116.29.

BRP Trading Down 1.3%

Shares of DOO opened at C$91.83 on Friday. The firm’s 50 day simple moving average is C$100.39 and its 200 day simple moving average is C$96.58. The company has a market capitalization of C$6.71 billion, a P/E ratio of 19.79, a P/E/G ratio of 2.05 and a beta of 1.15. The company has a debt-to-equity ratio of 443.59, a current ratio of 1.27 and a quick ratio of 0.20. BRP has a 1-year low of C$43.88 and a 1-year high of C$112.26.

BRP (TSE:DOO) last released its quarterly earnings results on Thursday, March 26th. The company reported C$2.21 EPS for the quarter. The business had revenue of C$2.46 billion during the quarter. BRP had a net margin of 3.45% and a return on equity of 54.95%. Sell-side analysts forecast that BRP will post 6.890971 earnings per share 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

BRP Company Profile

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).