BRP (TSE:DOO) Stock Rating Lowered by National Bank Financial

BRP (TSE:DOO) was downgraded by analysts at National Bank Financial from an “outperform” rating to a “hold” rating in a research note issued on Wednesday, MarketBeat reports. They currently have a C$80.00 target price on the stock, down from their previous target price of C$125.00. National Bank Financial’s target price suggests a potential upside of 6.33% from the stock’s previous close.

Several other equities analysts have also recently issued reports on the company. Canaccord Genuity Group cut BRP from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$118.00 to C$90.00 in a research report on Wednesday. Citigroup dropped their target price on BRP from C$128.00 to C$119.00 in a research report on Monday, March 30th. Desjardins upped their price objective on BRP from C$130.00 to C$138.00 and gave the stock a “buy” rating in a report on Friday, March 27th. Wells Fargo & Company upped their price objective on BRP from C$105.00 to C$110.00 and gave the stock an “overweight” rating in a report on Friday, March 27th. Finally, BMO Capital Markets upped their price target on shares of BRP from C$115.00 to C$120.00 and gave the stock an “outperform” rating in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, BRP currently has a consensus rating of “Moderate Buy” and a consensus price target of C$103.88.

BRP Stock Performance

Shares of DOO opened at C$75.24 on Wednesday. The company has a debt-to-equity ratio of 443.59, a quick ratio of 0.20 and a current ratio of 1.27. The stock has a market capitalization of C$5.50 billion, a P/E ratio of 19.05, a P/E/G ratio of 2.05 and a beta of 0.94. The company’s fifty day moving average is C$97.82 and its two-hundred day moving average is C$97.63. BRP has a 1 year low of C$43.88 and a 1 year high of C$112.26.

BRP (TSE:DOO) last announced its quarterly earnings data 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 company had revenue of C$2.46 billion for the quarter. On average, sell-side analysts predict that BRP will post 6.890971 earnings per share for the current year.

Key Stories 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)

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).