BRP (NASDAQ:DOO) Rating Lowered to Hold at Canaccord Genuity Group

BRP (NASDAQ:DOO) was downgraded by research analysts at Canaccord Genuity Group from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Other research analysts also recently issued research reports about the company. Citigroup reduced their price objective on BRP from $87.00 to $86.00 and set a “buy” rating on the stock in a report on Monday, March 30th. Wells Fargo & Company started coverage on BRP in a research note on Wednesday, March 11th. They issued an “overweight” rating on the stock. Seaport Research Partners downgraded BRP from a “buy” rating to a “neutral” rating in a research note on Wednesday. UBS Group increased their price target on BRP from $70.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, January 9th. Finally, National Bank Financial downgraded BRP from an “outperform” rating to a “sector perform” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $80.50.

BRP Price Performance

NASDAQ DOO opened at $54.90 on Wednesday. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 18.87 and a beta of 1.15. BRP has a one year low of $31.78 and a one year high of $81.89. The stock’s 50 day simple moving average is $71.28. The company has a debt-to-equity ratio of 3.92, a quick ratio of 0.56 and a current ratio of 1.27.

Hedge Funds Weigh In On BRP

A number of large investors have recently added to or reduced their stakes in DOO. Mackenzie Financial Corp bought a new position in BRP during the 4th quarter worth about $207,651,000. Price T Rowe Associates Inc. MD bought a new position in shares of BRP in the 4th quarter valued at about $169,341,000. Capital World Investors bought a new position in shares of BRP in the 4th quarter valued at about $158,763,000. FIL Ltd bought a new position in shares of BRP in the 4th quarter valued at about $123,110,000. Finally, Vanguard Group Inc. bought a new position in shares of BRP in the 4th quarter valued at about $98,153,000.

Trending Headlines about BRP

Here are the key news stories impacting BRP this week:

• Positive Sentiment: Intraday rebound on heavy volume suggests buyers are exploiting the recent oversold condition and covering short positions; this is likely why the stock is up today despite unresolved tariff risk.
• Neutral Sentiment: BRP suspended its FY27 outlook after warning that proposed new U.S. tariffs could create roughly a $500 million profit headwind, and halted guidance while it assesses the impact. BRP Halts FY27 Outlook
• Negative Sentiment: Market reaction to the tariff announcement was severe — multiple outlets report BRP shares plunged sharply (reports of up to ~33% intraday moves) as investors priced in the tariff shock. Sea-Doo maker BRP hit by US tariff changes
• Negative Sentiment: Brokerages have pulled back on ratings after the tariff news — Canaccord cut DOO from “strong‑buy” to “hold,” TD Cowen cut to “hold,” and National Bank Financial moved it to “sector perform,” increasing selling pressure and reducing near‑term analyst support. Analyst downgrades coverage
• Negative Sentiment: Shareholder law firm Johnson Fistel announced an investigation into possible claims on behalf of BRP investors, signaling potential litigation risk tied to the recent disclosures. Johnson Fistel shareholder investigation

BRP Company Profile

BRP Inc, headquartered in Valcourt, Quebec, designs, manufactures and distributes powersports vehicles and propulsion systems for recreational and utility use. The company traces its roots to the Bombardier family and the early development of the snowmobile, and it operates as a global manufacturer of recreational vehicles and related technologies.

BRP’s product portfolio includes snowmobiles, personal watercraft and sport boats, off-road vehicles (including all-terrain and side-by-side models) and three‑wheel on‑road vehicles.