TD Securities Downgrades BRP (TSE:DOO) to Hold

BRP (TSE:DOO) was downgraded by investment analysts at TD Securities from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

A number of other research firms also recently issued reports on DOO. Citigroup cut their target price on shares of BRP from C$128.00 to C$119.00 in a research report on Monday, March 30th. Ci Capital cut their price objective on BRP from C$128.00 to C$119.00 and set a “buy” rating for the company in a report on Friday, March 27th. Seaport Research Partners lowered BRP from a “buy” rating to a “hold” rating in a report on Wednesday. BMO Capital Markets raised their price target on BRP from C$115.00 to C$120.00 and gave the stock an “outperform” rating in a research note on Friday, March 27th. Finally, Raymond James Financial cut their price target on BRP from C$117.00 to C$115.00 in a research note on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$103.88.

BRP Price Performance

DOO opened at C$75.24 on Wednesday. The stock has a fifty day moving average of C$97.82 and a 200-day moving average of C$97.63. The firm has a market capitalization of C$5.50 billion, a P/E ratio of 19.05, a PEG ratio of 2.05 and a beta of 0.94. 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 12-month low of C$43.88 and a 12-month 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. The firm had revenue of C$2.46 billion during the quarter. BRP had a return on equity of 54.95% and a net margin of 3.45%. Equities analysts forecast that BRP will post 6.890971 EPS for the current fiscal year.

BRP News Roundup

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).