National Bankshares Has Lowered Expectations for BRP (TSE:DOO) Stock Price

BRP (TSE:DOO) had its price objective reduced by research analysts at National Bankshares from C$93.00 to C$84.00 in a research note issued to investors on Thursday,BayStreet.CA reports. National Bankshares’ price target would suggest a potential upside of 25.39% from the company’s previous close.

A number of other brokerages have also recently issued reports on DOO. DA Davidson lowered their price objective on BRP from C$105.00 to C$96.00 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. National Bank Financial cut BRP from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Stifel Nicolaus decreased their price objective on BRP from C$97.00 to C$82.00 in a research note on Monday, September 9th. BMO Capital Markets dropped their target price on BRP from C$115.00 to C$100.00 in a report on Monday, September 9th. Finally, Royal Bank of Canada reduced their target price on BRP from C$108.00 to C$99.00 in a research report on Monday, September 9th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, BRP currently has an average rating of “Hold” and an average target price of C$94.77.

BRP Stock Up 0.2 %

DOO stock traded up C$0.14 during mid-day trading on Thursday, hitting C$66.99. 78,777 shares of the company were exchanged, compared to its average volume of 210,502. The company has a debt-to-equity ratio of 545.75, a quick ratio of 0.20 and a current ratio of 1.32. The firm’s 50 day simple moving average is C$75.80 and its 200 day simple moving average is C$86.19. BRP has a 1-year low of C$65.32 and a 1-year high of C$102.46. The firm has a market cap of C$2.31 billion, a P/E ratio of 20.18, a P/E/G ratio of 2.05 and a beta of 2.28.

BRP (TSE:DOO) last released its quarterly earnings results on Friday, September 6th. The company reported C$0.61 EPS for the quarter, beating the consensus estimate of C$0.30 by C$0.31. The business had revenue of C$1.84 billion for the quarter, compared to the consensus estimate of C$1.85 billion. BRP had a net margin of 2.77% and a return on equity of 37.60%. On average, sell-side analysts predict that BRP will post 6.890971 EPS for the current fiscal year.

BRP Company Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.