Desjardins Forecasts Strong Price Appreciation for BRP (TSE:DOO) Stock

BRP (TSE:DOO) had its price target raised by equities research analysts at Desjardins from C$130.00 to C$138.00 in a report released on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective would suggest a potential upside of 50.28% from the stock’s current price.

Several other research firms also recently weighed in on DOO. Raymond James Financial reduced their target price on BRP from C$117.00 to C$115.00 in a report on Friday. Canaccord Genuity Group raised their price target on BRP from C$116.00 to C$118.00 in a research note on Friday, December 5th. Canadian Imperial Bank of Commerce raised their price target on BRP from C$115.00 to C$118.00 and gave the stock an “outperform” rating in a research note on Friday, December 5th. Wells Fargo & Company boosted their price objective on BRP from C$105.00 to C$110.00 and gave the company an “overweight” rating in a research note on Friday. Finally, National Bank Financial raised BRP from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$105.00 to C$125.00 in a report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, BRP has an average rating of “Moderate Buy” and an average price target of C$116.29.

BRP Price Performance

Shares of TSE:DOO opened at C$91.83 on Friday. BRP has a 12 month low of C$43.88 and a 12 month high of C$112.26. The firm 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. The company’s fifty day moving average price is C$100.39 and its 200 day moving average price is C$96.58.

BRP (TSE:DOO) last released its quarterly earnings data on Thursday, March 26th. The company reported C$2.21 earnings per share (EPS) for the quarter. The company 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%. As a group, sell-side analysts predict that BRP will post 6.890971 earnings per share for the current fiscal year.

Trending Headlines about BRP

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).