BRP Inc. (TSE:DOO) Receives C$100.60 Average PT from Brokerages

BRP Inc. (TSE:DOO) has received an average recommendation of “Moderate Buy” from the sixteen brokerages that are covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$100.60.

Several analysts have commented on the stock. Stifel Nicolaus lowered shares of BRP from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$92.00 to C$85.00 in a report on Friday, May 29th. National Bank Financial upped their target price on BRP from C$84.00 to C$98.00 and gave the stock a “sector perform” rating in a report on Thursday, August 20th. Royal Bank Of Canada upped their target price on BRP from C$107.00 to C$113.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. TD Securities raised BRP from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. Finally, Scotiabank raised their target price on BRP from C$80.00 to C$83.00 and gave the company a “sector perform” rating in a research note on Friday, May 29th.

BRP Stock Down 5.9%

Shares of TSE DOO opened at C$88.25 on Friday. The firm has a fifty day simple moving average of C$86.95 and a two-hundred day simple moving average of C$88.81. BRP has a 12 month low of C$67.11 and a 12 month high of C$112.26. The company has a current ratio of 1.30, a quick ratio of 0.20 and a debt-to-equity ratio of 419.45. The firm has a market capitalization of C$6.51 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 2.05 and a beta of 0.81.

BRP (TSE:DOO) last announced its earnings results on Thursday, May 28th. The company reported C$1.83 earnings per share 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 for the quarter. Equities analysts expect that BRP will post 6.890971 earnings per share for the current year.

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.