BRP (TSE:DOO) Rating Lowered to “Hold” at Canaccord Genuity Group

BRP (TSE:DOO) was downgraded by stock analysts at Canaccord Genuity Group from a “buy” rating to a “hold” rating in a report released on Wednesday, MarketBeat.com reports. They presently have a C$90.00 target price on the stock, down from their previous target price of C$118.00. Canaccord Genuity Group’s price target points to a potential upside of 19.62% from the stock’s previous close.

Several other equities analysts have also commented on DOO. TD lowered BRP from a “buy” rating to a “hold” rating and decreased their price target for the company from C$119.00 to C$84.00 in a research note on Wednesday. BMO Capital Markets upped their target price on shares of BRP from C$115.00 to C$120.00 and gave the company an “outperform” rating in a research report on Friday, March 27th. Ci Capital decreased their target price on shares of BRP from C$128.00 to C$119.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Desjardins upped their price objective on shares of BRP from C$130.00 to C$138.00 and gave the stock a “buy” rating in a report on Friday, March 27th. Finally, Royal Bank Of Canada decreased their price objective on shares of BRP from C$131.00 to C$124.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$103.88.

BRP Stock Performance

TSE:DOO opened at C$75.24 on Wednesday. BRP has a 1-year low of C$43.88 and a 1-year high of C$112.26. The firm has a market capitalization of C$5.50 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 2.05 and a beta of 0.94. The company’s 50-day moving average is C$97.82 and its two-hundred day moving average is C$97.63. The company has a debt-to-equity ratio of 443.59, a current ratio of 1.27 and a quick ratio of 0.20.

BRP (TSE:DOO) last released its quarterly earnings data on Thursday, March 26th. The company reported C$2.21 EPS for the quarter. BRP had a return on equity of 54.95% and a net margin of 3.45%.The firm had revenue of C$2.46 billion for the quarter. Analysts forecast that BRP will post 6.890971 EPS for the current year.

More BRP News

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)

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).