Raymond James Financial Issues Pessimistic Forecast for BRP (TSE:DOO) Stock Price

BRP (TSE:DOO) had its price objective cut by analysts at Raymond James Financial from C$117.00 to C$115.00 in a research note issued on Friday,BayStreet.CA reports. Raymond James Financial’s price target indicates a potential upside of 25.23% from the company’s current price.

Other analysts have also recently issued reports about the company. TD Securities boosted their price target on BRP from C$106.00 to C$119.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Wells Fargo & Company raised their price objective on BRP from C$105.00 to C$110.00 and gave the company an “overweight” rating in a research report on Friday. BMO Capital Markets lifted their price objective on BRP from C$105.00 to C$115.00 and gave the company an “outperform” rating in a research note on Friday, December 5th. Royal Bank Of Canada boosted their target price on BRP from C$107.00 to C$131.00 and gave the stock an “outperform” rating in a report on Friday, December 5th. Finally, Canadian Imperial Bank of Commerce increased their target price 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. One 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$116.29.

BRP Price Performance

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 cap 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. The stock has a fifty day simple moving average of C$100.39 and a two-hundred day simple moving average of C$96.58. BRP has a 12-month low of C$43.88 and a 12-month high of C$112.26.

BRP (TSE:DOO) last announced its earnings results on Thursday, March 26th. The company reported C$2.21 EPS for the quarter. BRP had a net margin of 3.45% and a return on equity of 54.95%. The firm had revenue of C$2.46 billion for the quarter. Research analysts predict 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).