BRP (TSE:DOO) Stock Rating Lowered by Seaport Research Partners

BRP (TSE:DOO) was downgraded by equities research analysts at Seaport Research Partners from a “buy” rating to a “hold” rating in a research report issued on Wednesday, Marketbeat.com reports.

DOO has been the topic of several other research reports. 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 research report on Friday, March 27th. TD downgraded BRP from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$119.00 to C$84.00 in a report on Wednesday. National Bank Financial downgraded BRP from an “outperform” rating to a “hold” rating and reduced their target price for the stock from C$125.00 to C$80.00 in a report on Wednesday. Citigroup reduced their target price on BRP from C$128.00 to C$119.00 in a report on Monday, March 30th. Finally, Ci Capital reduced their price objective on BRP from C$128.00 to C$119.00 and set a “buy” rating on the stock in a research note on Friday, March 27th. One equities research 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$103.88.

BRP Trading Up 7.7%

TSE DOO opened at C$75.24 on Wednesday. The company has a market capitalization of C$5.50 billion, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 2.05 and a beta of 0.94. 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 has a 12 month low of C$43.88 and a 12 month high of C$112.26. The company’s fifty day moving average price is C$97.82 and its two-hundred day moving average price is C$97.63.

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