BRP (TSE:DOO) Downgraded by Stifel Nicolaus to “Hold”

BRP (TSE:DOO) was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a report issued on Friday,BayStreet.CA reports. They currently have a C$85.00 target price on the stock, down from their prior target price of C$92.00. Stifel Nicolaus’ target price indicates a potential upside of 7.79% from the company’s previous close.

DOO has been the subject of several other research reports. Raymond James Financial lowered shares of BRP from a “strong-buy” rating to a “market perform” rating in a research note on Friday, April 24th. BMO Capital Markets boosted their price objective 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. Canadian Imperial Bank of Commerce reduced their price objective on shares of BRP from C$118.00 to C$90.00 and set an “outperformer” rating for the company in a research note on Thursday, May 21st. Seaport Research Partners lowered shares of BRP from a “buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Finally, Scotiabank upped their price target on shares of BRP from C$80.00 to C$83.00 and gave the company a “sector perform” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$98.33.

BRP Stock Down 2.6%

Shares of TSE:DOO traded down C$2.07 during trading hours on Friday, hitting C$78.86. The company’s stock had a trading volume of 160,259 shares, compared to its average volume of 296,492. BRP has a 52 week low of C$53.60 and a 52 week high of C$112.26. The company has a debt-to-equity ratio of 443.59, a current ratio of 1.27 and a quick ratio of 0.20. The company has a market capitalization of C$5.81 billion, a price-to-earnings ratio of 19.96, a P/E/G ratio of 2.05 and a beta of 1.03. The firm’s fifty day moving average price is C$84.75 and its 200 day moving average price is C$94.93.

BRP (TSE:DOO) last posted its quarterly earnings data on Thursday, May 28th. The company reported C$1.83 EPS for the quarter. The firm had revenue of C$2.39 billion during the quarter. BRP had a net margin of 3.45% and a return on equity of 54.95%. As a group, research analysts expect that BRP will post 6.890971 EPS for the current year.

BRP Company Profile

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).