BRP (TSE:DOO) Upgraded by National Bank Financial to Strong-Buy Rating

National Bank Financial upgraded shares of BRP (TSE:DOO) from a hold rating to a strong-buy rating in a report released on Thursday morning,Zacks reports.

A number of other equities analysts have also commented on DOO. Citigroup reduced their price target on shares of BRP from C$75.00 to C$74.00 and set a “buy” rating on the stock in a research report on Friday, May 29th. TD Securities raised shares of BRP from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 18th. Stifel Nicolaus cut shares of BRP from a “buy” rating to a “hold” rating and cut their target price for the company from C$92.00 to C$85.00 in a research note on Friday, May 29th. Desjardins boosted their target price on BRP from C$97.00 to C$103.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Finally, Canadian Imperial Bank of Commerce increased their price target on BRP from C$90.00 to C$94.00 and gave the stock an “outperformer” rating in a research report on Friday, May 29th. Three investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$100.60.

BRP Stock Up 0.7%

Shares of TSE:DOO opened at C$88.23 on Thursday. BRP has a 52 week low of C$67.11 and a 52 week high of C$112.26. The company has a debt-to-equity ratio of 419.45, a quick ratio of 0.20 and a current ratio of 1.30. The company’s fifty day moving average is C$87.04 and its 200-day moving average is C$87.65. The company has a market capitalization of C$6.51 billion, a PE ratio of 24.11, a P/E/G ratio of 2.05 and a beta of 0.81.

BRP (TSE:DOO) last posted its earnings results on Thursday, September 3rd. The company reported C($0.18) earnings per share for the quarter. The firm had revenue of C$2.24 billion during the quarter. BRP had a return on equity of 46.01% and a net margin of 3.01%. Equities research analysts predict that BRP will post 6.890971 earnings per share for the current fiscal year.

About BRP

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.