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

BRP (TSE:DOO) was downgraded by analysts at TD from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. They currently have a C$84.00 price objective on the stock, down from their previous price objective of C$119.00. TD’s price objective points to a potential upside of 11.64% from the company’s current price.

Other equities analysts also recently issued reports about the company. Wells Fargo & Company upped their target price on BRP from C$105.00 to C$110.00 and gave the company an “overweight” rating in a research report on Friday, March 27th. Ci Capital cut their price objective on BRP from C$128.00 to C$119.00 and set a “buy” rating on the stock in a report on Friday, March 27th. Desjardins increased their price objective on BRP from C$130.00 to C$138.00 and gave the company a “buy” rating in a report on Friday, March 27th. Royal Bank Of Canada cut their price target 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. Finally, BMO Capital Markets increased their price target on shares of BRP from C$115.00 to C$120.00 and gave the stock an “outperform” rating in a report on Friday, March 27th. 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 company. According to MarketBeat, BRP currently has an average rating of “Moderate Buy” and an average price target of C$103.88.

BRP Stock Performance

DOO opened at C$75.24 on Wednesday. The company has a quick ratio of 0.20, a current ratio of 1.27 and a debt-to-equity ratio of 443.59. BRP has a 52-week low of C$43.88 and a 52-week high of C$112.26. The company has a market cap of C$5.50 billion, a P/E ratio of 19.05, a price-to-earnings-growth ratio of 2.05 and a beta of 0.94. The firm’s 50-day moving average price is C$97.82 and its 200-day moving average price is C$97.63.

BRP (TSE:DOO) last issued its quarterly earnings results on Thursday, March 26th. The company reported C$2.21 earnings per share (EPS) for the quarter. BRP had a net margin of 3.45% and a return on equity of 54.95%. The business had revenue of C$2.46 billion for the quarter. As a group, equities analysts anticipate that BRP will post 6.890971 EPS for the current fiscal year.

Key Headlines Impacting BRP

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).