BRP (TSE:DOO) Downgraded to “Hold” Rating by National Bank Financial

BRP (TSE:DOO) was downgraded by National Bank Financial from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Several other brokerages also recently weighed in on DOO. Citigroup cut their price target on BRP from C$128.00 to C$119.00 in a report on Monday, March 30th. Desjardins boosted their price target on BRP from C$130.00 to C$138.00 and gave the company a “buy” rating in a report on Friday, March 27th. Wells Fargo & Company boosted their price target on BRP from C$105.00 to C$110.00 and gave the company an “overweight” rating in a report on Friday, March 27th. Canaccord Genuity Group downgraded BRP from a “buy” rating to a “hold” rating and cut their price target for the company from C$118.00 to C$90.00 in a report on Wednesday. Finally, BMO Capital Markets boosted their price target on BRP from C$115.00 to C$120.00 and gave the company an “outperform” rating in a report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, BRP has a consensus rating of “Moderate Buy” and a consensus target price of C$111.20.

BRP Trading Down 35.4%

Shares of DOO opened at C$69.83 on Wednesday. The stock has a fifty day moving average of C$98.41 and a two-hundred day moving average of C$97.78. 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$5.11 billion, a PE ratio of 17.68, a price-to-earnings-growth ratio of 2.05 and a beta of 0.94. BRP has a fifty-two week low of C$43.88 and a fifty-two week high of C$112.26.

BRP (TSE:DOO) last issued its quarterly earnings results on Thursday, March 26th. The company reported C$2.21 earnings per share for the quarter. The company had revenue of C$2.46 billion during the quarter. BRP had a return on equity of 54.95% and a net margin of 3.45%. As a group, analysts forecast that BRP will post 6.890971 EPS 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).