BRP Inc. (TSE:DOO) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of BRP Inc. (TSE:DOO) have earned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the stock, Marketbeat reports. Eight investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$98.73.

Several equities analysts recently issued reports on DOO shares. Scotiabank raised their price target on BRP from C$80.00 to C$83.00 and gave the stock a “sector perform” rating in a research report on Friday, May 29th. Ci Capital lowered their price objective on BRP from C$128.00 to C$119.00 and set a “buy” rating for the company in a research report on Friday, March 27th. Wells Fargo & Company increased their price objective 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. Desjardins raised their target price on shares of BRP from C$97.00 to C$103.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Finally, BMO Capital Markets lifted their target price on shares of BRP from C$115.00 to C$120.00 and gave the stock an “outperform” rating in a research note on Friday, March 27th.

BRP Price Performance

Shares of TSE:DOO opened at C$83.18 on Friday. The company has a quick ratio of 0.20, a current ratio of 1.30 and a debt-to-equity ratio of 419.45. The stock has a market cap of C$6.10 billion, a PE ratio of 22.73, a PEG ratio of 2.05 and a beta of 0.83. The company’s fifty day moving average is C$81.41 and its 200 day moving average is C$92.27. BRP has a 52 week low of C$65.26 and a 52 week high of C$112.26.

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