BRP (NASDAQ:DOO) Rating Lowered to “Hold” at TD Cowen

BRP (NASDAQ:DOO) was downgraded by stock analysts at TD Cowen from a “buy” rating to a “hold” rating in a report issued on Wednesday, MarketBeat Ratings reports.

DOO has been the subject of a number of other research reports. Wells Fargo & Company started coverage on shares of BRP in a report on Wednesday, March 11th. They issued an “overweight” rating for the company. TD Securities downgraded shares of BRP from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. UBS Group increased their target price on shares of BRP from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, January 9th. Zacks Research raised shares of BRP from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 27th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of BRP in a research report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $80.50.

BRP Price Performance

Shares of NASDAQ DOO opened at $54.90 on Wednesday. The firm has a 50 day simple moving average of $71.28. 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 1 year low of $31.78 and a 1 year high of $81.89. The company has a current ratio of 1.27, a quick ratio of 0.56 and a debt-to-equity ratio of 3.92.

Institutional Trading of BRP

Several large investors have recently modified their holdings of the stock. Quarry LP acquired a new stake in shares of BRP during the 4th quarter worth approximately $30,000. Signaturefd LLC acquired a new stake in BRP in the 4th quarter valued at $43,000. Quadrant Capital Group LLC acquired a new stake in BRP in the 4th quarter valued at $89,000. PNC Financial Services Group Inc. acquired a new stake in BRP in the 4th quarter valued at $142,000. Finally, Intact Investment Management Inc. acquired a new stake in BRP in the 4th quarter valued at $156,000.

Key Stories Impacting 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

About BRP

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.