BRP (TSE:DOO) Stock Rating Lowered by Raymond James Financial

BRP (TSE:DOO) was downgraded by stock analysts at Raymond James Financial from a “strong-buy” rating to a “hold” rating in a research note issued on Friday,Zacks.com reports.

Several other research firms have also recently issued reports on DOO. Royal Bank Of Canada cut their target price on BRP from C$124.00 to C$107.00 and set an “outperform” rating for the company in a research report on Monday, April 20th. Citigroup dropped their price target on BRP from C$119.00 to C$102.00 and set a “buy” rating for the company in a research note on Monday, April 20th. TD lowered BRP from a “buy” rating to a “hold” rating and dropped their price target for the company from C$119.00 to C$84.00 in a research note on Wednesday, April 15th. Seaport Research Partners lowered BRP from a “buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Finally, Wells Fargo & Company increased their price target on BRP from C$105.00 to C$110.00 and gave the company an “overweight” rating in a research note on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$105.20.

BRP Stock Performance

TSE:DOO opened at C$77.70 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.20 and a debt-to-equity ratio of 443.59. BRP has a 12-month low of C$44.98 and a 12-month high of C$112.26. The stock has a 50-day moving average price of C$94.50 and a 200 day moving average price of C$97.20. The stock has a market capitalization of C$5.68 billion, a P/E ratio of 19.67, a P/E/G ratio of 2.05 and a beta of 0.94.

BRP (TSE:DOO) last released its earnings results on Thursday, March 26th. The company reported C$2.21 earnings per share (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 during the quarter. Equities research analysts forecast that BRP will post 6.890971 EPS for the current fiscal year.

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).