BRP (TSE:DOO) Price Target Cut to C$97.00 by Analysts at Desjardins

BRP (TSE:DOO) had its price objective lowered by Desjardins from C$138.00 to C$97.00 in a report issued on Thursday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

A number of other equities analysts also recently issued reports on the stock. BMO Capital Markets increased their price target on shares of BRP from C$115.00 to C$120.00 and gave the company an “outperform” rating in a report on Friday, March 27th. National Bank Financial downgraded shares of BRP from an “outperform” rating to a “hold” rating and cut their price target for the company from C$125.00 to C$80.00 in a report on Wednesday. Raymond James Financial cut their price target on shares of BRP from C$117.00 to C$115.00 in a report on Friday, March 27th. Ci Capital cut their price target on shares of BRP from C$128.00 to C$119.00 and set a “buy” rating for the company in a report on Friday, March 27th. Finally, Citigroup cut their price target on shares of BRP from C$128.00 to C$119.00 in a report on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, BRP has a consensus rating of “Moderate Buy” and an average target price of C$103.88.

BRP Stock Performance

Shares of DOO opened at C$75.24 on Thursday. The company has a 50-day simple moving average of C$97.82 and a 200-day simple moving average of C$97.63. The company has a quick ratio of 0.20, a current ratio of 1.27 and a debt-to-equity ratio of 443.59. The company has a market capitalization of C$5.50 billion, a PE ratio of 19.05, a P/E/G ratio of 2.05 and a beta of 0.94. BRP has a 52-week low of C$43.88 and a 52-week high of C$112.26.

BRP (TSE:DOO) last announced its quarterly earnings results on Thursday, March 26th. The company reported C$2.21 earnings per share (EPS) for the quarter. The business 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%. Equities research analysts predict that BRP will post 6.890971 earnings per share for the current fiscal year.

BRP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 24th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, April 10th. BRP’s payout ratio is 21.77%.

BRP News Summary

Here are the key news stories impacting BRP this week:

• Positive Sentiment: Desjardins cut its price target from C$138 to C$97 but kept a “buy” rating, implying more than ~30% upside versus the prior trading reference — a vote of confidence that likely supported buying interest today. Desjardins lowers PT to C$97 but remains Buy
• Neutral Sentiment: A Seeking Alpha piece argued that tariff-related panic around BRP is “justified, but exaggerated,” suggesting the worst-case trade-war outcomes may be priced in — this can temper downside and encourage bargain hunting if investors agree. BRP: Justified, But Exaggerated, Tariff Panic
• Neutral Sentiment: Scotia lowered its target to C$80 and moved to “sector perform” (single-digit implied upside). The smaller downside/upside gap makes the call less market-moving than outright negative downgrades. Scotia cuts PT to C$80
• Negative Sentiment: Several brokerages downgraded BRP this week and cut targets — TD cut from strong-buy to hold (PT down to mid‑C$80s), National Bank cut from outperform to hold (PT C$80 from C$125), and Canaccord moved to hold with a C$90 target — the cluster of downgrades and lower targets is the main negative pressure on the stock. Analyst downgrades and PT cuts Canaccord downgrade (AmericanBankingNews) TD downgrade (AmericanBankingNews)

About BRP

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).