Brokers Issue Forecasts for BRP’s FY2027 Earnings (TSE:DOO)

BRP Inc. (TSE:DOO) – Equities research analysts at Scotiabank lifted their FY2027 earnings per share (EPS) estimates for BRP in a note issued to investors on Wednesday, July 29th. Scotiabank analyst J. Goldman now forecasts that the company will post earnings per share of $3.42 for the year, up from their previous forecast of $3.36. Scotiabank has a “Sector Perform” rating and a $83.00 price target on the stock. The consensus estimate for BRP’s current full-year earnings is $6.89 per share.

DOO has been the subject of a number of other research reports. Canadian Imperial Bank of Commerce boosted their price objective on shares of BRP from C$90.00 to C$94.00 and gave the company an “outperformer” rating in a research report on Friday, May 29th. TD Securities cut shares of BRP from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. Canaccord Genuity Group downgraded BRP from a “buy” rating to a “hold” rating and decreased their target price for the company from C$118.00 to C$90.00 in a research note on Wednesday, April 15th. TD upped their target price on BRP from C$84.00 to C$92.00 and gave the company a “hold” rating in a report on Friday, May 29th. Finally, National Bank Financial increased their price target on BRP from C$80.00 to C$84.00 and gave the stock a “sector perform” rating in a research report on Friday, May 29th. One 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$98.73.

BRP Stock Down 2.4%

Shares of TSE:DOO opened at C$86.03 on Thursday. The company’s fifty day moving average is C$83.95 and its two-hundred day moving average is C$90.88. The company has a debt-to-equity ratio of 419.45, a quick ratio of 0.20 and a current ratio of 1.30. BRP has a 1-year low of C$67.11 and a 1-year high of C$112.26. The stock has a market capitalization of C$6.34 billion, a price-to-earnings ratio of 23.51, a price-to-earnings-growth ratio of 2.05 and a beta of 0.83.

BRP (TSE:DOO) last released its quarterly earnings data on Thursday, May 28th. The company reported C$1.83 EPS for the quarter. BRP had a net margin of 3.01% and a return on equity of 46.01%. The firm had revenue of C$2.39 billion during 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.