Scotiabank Has Bullish Outlook for BRP FY2027 Earnings

BRP Inc. (TSE:DOO) – Stock analysts at Scotiabank lifted their FY2027 earnings estimates for BRP in a research report issued on Thursday, September 10th. Scotiabank analyst J. Goldman now forecasts that the company will post earnings per share of $4.33 for the year, up from their previous forecast of $3.42. Scotiabank has a “Sector Perform” rating and a $83.00 price objective on the stock. The consensus estimate for BRP’s current full-year earnings is $6.89 per share.

Several other brokerages have also recently weighed in on DOO. Canadian Imperial Bank of Commerce upped their price target on BRP from C$90.00 to C$94.00 and gave the stock an “outperformer” rating in a research note on Friday, May 29th. Desjardins raised their price objective on BRP from C$97.00 to C$103.00 and gave the company a “buy” rating in a research report on Monday, June 1st. Citigroup boosted their target price on shares of BRP from C$106.00 to C$110.00 and gave the company a “buy” rating in a report on Tuesday, September 8th. TD raised shares of BRP from a “hold” rating to a “buy” rating and upped their target price for the stock from C$92.00 to C$106.00 in a research report on Wednesday, August 19th. Finally, National Bank Financial raised shares of BRP from a “hold” rating to an “outperform” rating and upped their target price for the stock from C$98.00 to C$112.00 in a research report on Thursday, September 3rd. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$103.93.

BRP Trading Down 0.2%

DOO opened at C$84.43 on Tuesday. The stock has a market cap of C$6.01 billion, a PE ratio of 55.91, a PEG ratio of 2.05 and a beta of 0.68. The company has a quick ratio of 0.20, a current ratio of 1.19 and a debt-to-equity ratio of 912.53. The business has a 50 day moving average of C$87.24 and a 200-day moving average of C$86.58. BRP has a 52 week low of C$67.11 and a 52 week high of C$112.26.

BRP (TSE:DOO) last posted its earnings results on Thursday, September 3rd. The company reported C($0.18) earnings per share for the quarter. BRP had a return on equity of 20.51% and a net margin of 1.21%.The firm had revenue of C$2.24 billion for the quarter.

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.