BRP (TSE:DOO) Given New C$119.00 Price Target at Ci Capital

BRP (TSE:DOO) had its price objective cut by research analysts at Ci Capital from C$128.00 to C$119.00 in a report released on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Ci Capital’s price target would suggest a potential upside of 29.07% from the stock’s previous close.

A number of other brokerages have also recently issued reports on DOO. National Bank Financial raised shares of BRP from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$105.00 to C$125.00 in a research note on Friday, December 5th. Scotiabank raised their price target on BRP from C$102.00 to C$117.00 and gave the stock a “sector perform” rating in a research report on Friday, December 5th. TD Securities lifted their price objective on BRP from C$106.00 to C$119.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Raymond James Financial dropped their price objective on BRP from C$117.00 to C$115.00 in a report on Friday. Finally, Desjardins raised their target price on BRP from C$117.00 to C$130.00 and gave the stock a “buy” rating in a report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$116.29.

BRP Trading Down 0.9%

TSE:DOO traded down C$0.88 on Friday, hitting C$92.20. 144,328 shares of the stock were exchanged, compared to its average volume of 214,371. The stock has a market capitalization of C$6.74 billion, a price-to-earnings ratio of 19.87, a P/E/G ratio of 2.05 and a beta of 1.15. BRP has a 52 week low of C$43.88 and a 52 week high of C$112.26. The company has a debt-to-equity ratio of 489.75, a quick ratio of 0.20 and a current ratio of 1.23. The company’s 50-day moving average price is C$100.73 and its 200 day moving average price is C$96.55.

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 net margin of 0.30% and a return on equity of 5.55%. The company had revenue of C$2.46 billion for the quarter. On average, equities research analysts forecast that BRP will post 6.890971 earnings per share for the current year.

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).