TD Issues Positive Forecast for BRP (TSE:DOO) Stock Price

BRP (TSE:DOO) had its price objective upped by equities researchers at TD from C$84.00 to C$92.00 in a research report issued on Friday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD’s price objective suggests a potential upside of 16.66% from the stock’s previous close.

Several other research firms have also recently commented on DOO. Desjardins dropped their target price on shares of BRP from C$138.00 to C$97.00 and set a “buy” rating on the stock in a research report on Thursday, April 16th. Raymond James Financial cut shares of BRP from a “strong-buy” rating to a “market perform” rating in a research report on Friday, April 24th. 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 report on Friday, March 27th. National Bank Financial lowered shares of BRP from an “outperform” rating to a “hold” rating and decreased their price target for the stock from C$125.00 to C$80.00 in a research note on Wednesday, April 15th. Finally, Ci Capital decreased their price target on shares of BRP from C$128.00 to C$119.00 and set a “buy” rating for the company in a research note on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, BRP currently has a consensus rating of “Moderate Buy” and an average price target of C$98.33.

BRP Stock Performance

Shares of BRP stock traded down C$2.07 during mid-day trading on Friday, hitting C$78.86. 160,259 shares of the stock were exchanged, compared to its average volume of 296,492. BRP has a 12 month low of C$53.60 and a 12 month high of C$112.26. The company has a 50-day simple moving average of C$84.75 and a 200 day simple moving average of C$94.93. The company has a debt-to-equity ratio of 443.59, a quick ratio of 0.20 and a current ratio of 1.27. The company has a market capitalization of C$5.81 billion, a P/E ratio of 19.96, a P/E/G ratio of 2.05 and a beta of 1.03.

BRP (TSE:DOO) last posted its earnings results on Thursday, May 28th. The company reported C$1.83 EPS for the quarter. BRP had a net margin of 3.45% and a return on equity of 54.95%. The firm had revenue of C$2.39 billion for the quarter. Sell-side analysts anticipate that BRP will post 6.890971 earnings per share for the current fiscal 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).