Ci Capital Has Lowered Expectations for BRP (TSE:DOO) Stock Price

BRP (TSE:DOO) had its price target lowered by equities researchers at Ci Capital from C$128.00 to C$119.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Ci Capital’s target price would indicate a potential upside of 29.59% from the company’s current price.

DOO has been the subject of a number of other reports. Stifel Nicolaus increased their target price on BRP from C$106.00 to C$120.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Royal Bank Of Canada boosted their price target on shares of BRP from C$107.00 to C$131.00 and gave the stock an “outperform” rating in a research report on Friday, December 5th. Canadian Imperial Bank of Commerce upped their price target on shares of BRP from C$115.00 to C$118.00 and gave the company an “outperform” rating in a research note on Friday, December 5th. Scotiabank increased their price objective 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. Finally, Wells Fargo & Company lifted their price objective on shares of BRP from C$105.00 to C$110.00 and gave the stock an “overweight” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, BRP currently has a consensus rating of “Moderate Buy” and a consensus price target of C$116.29.

BRP Price Performance

TSE:DOO opened at C$91.83 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.20 and a debt-to-equity ratio of 443.59. 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. BRP has a 12 month low of C$43.88 and a 12 month high of C$112.26. The business’s 50-day moving average is C$100.39 and its 200 day moving average is C$96.58.

BRP (TSE:DOO) last announced its quarterly earnings results on Thursday, March 26th. The company reported C$2.21 EPS for the quarter. The company had revenue of C$2.46 billion during the quarter. BRP had a return on equity of 54.95% and a net margin of 3.45%. On average, equities research analysts forecast that BRP will post 6.890971 earnings per share for the current fiscal year.

BRP News Summary

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).