BRP Inc. (TSE:DOO) Receives C$98.73 Consensus Target Price from Analysts

BRP Inc. (TSE:DOO) has been assigned a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are covering the firm, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$98.73.

DOO has been the topic of a number of recent analyst reports. National Bank Financial lifted their target price on BRP from C$80.00 to C$84.00 and gave the company a “sector perform” rating in a research report on Friday, May 29th. Stifel Nicolaus downgraded BRP from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$92.00 to C$85.00 in a research note on Friday, May 29th. Scotiabank increased their target price on shares of BRP from C$80.00 to C$83.00 and gave the stock a “sector perform” rating in a report on Friday, May 29th. TD raised their price target on shares of BRP from C$84.00 to C$92.00 and gave the company a “hold” rating in a research note on Friday, May 29th. Finally, Canaccord Genuity Group lowered shares of BRP from a “buy” rating to a “hold” rating and decreased their price target for the company from C$118.00 to C$90.00 in a report on Wednesday, April 15th.

BRP Stock Up 1.6%

TSE DOO opened at C$87.41 on Tuesday. The business has a fifty day moving average price of C$84.19 and a two-hundred day moving average price of C$90.80. The stock has a market capitalization of C$6.45 billion, a PE ratio of 23.88, a PEG ratio of 2.05 and a beta of 0.83. BRP has a fifty-two week low of C$67.11 and a fifty-two week high of C$112.26. The company has a debt-to-equity ratio of 419.45, a current ratio of 1.30 and a quick ratio of 0.20.

BRP (TSE:DOO) last issued its quarterly earnings results on Thursday, May 28th. The company reported C$1.83 earnings per share (EPS) for the quarter. BRP had a return on equity of 46.01% and a net margin of 3.01%.The company had revenue of C$2.39 billion for the quarter. Equities analysts expect that BRP will post 6.890971 earnings per share for the current fiscal year.

BRP Company Profile

BRP Inc is a global leader in the world of powersports products and powertrains, built on over 80 years of ingenuity, innovation, and intensive consumer focus. Through its portfolio of industry-leading and distinctive brands featuring Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on- and off-road vehicles, Quintrex boats as well as Rotax engines for karts, recreational aircraft and jet boats, BRP unlocks exhilarating adventures and provides access to experiences across different playgrounds.