BRP (TSE:DOO) Price Target Lowered to C$81.00 at TD Securities

BRP (TSE:DOO) had its price target lowered by stock analysts at TD Securities from C$95.00 to C$81.00 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ target price would indicate a potential upside of 21.68% from the stock’s previous close.

DOO has been the topic of several other research reports. National Bank Financial cut BRP from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Stifel Nicolaus dropped their price target on BRP from C$97.00 to C$82.00 in a research report on Monday, September 9th. BMO Capital Markets dropped their target price on BRP from C$115.00 to C$100.00 in a research report on Monday, September 9th. Scotiabank cut BRP from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$103.00 to C$91.00 in a research report on Monday, September 9th. Finally, Royal Bank of Canada dropped their target price on BRP from C$108.00 to C$99.00 in a research report on Monday, September 9th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, BRP presently has an average rating of “Hold” and an average price target of C$93.46.

BRP Stock Performance

Shares of BRP stock traded down C$4.71 on Tuesday, hitting C$66.57. The stock had a trading volume of 249,364 shares, compared to its average volume of 221,581. BRP has a 52-week low of C$65.32 and a 52-week high of C$102.46. The company has a current ratio of 1.32, a quick ratio of 0.20 and a debt-to-equity ratio of 545.75. The stock has a market cap of C$2.30 billion, a price-to-earnings ratio of 20.20, a P/E/G ratio of 2.05 and a beta of 2.28. The company’s 50 day moving average price is C$74.99 and its 200 day moving average price is C$85.65.

BRP (TSE:DOO) last issued its quarterly earnings results on Friday, September 6th. The company reported C$0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.30 by C$0.31. The firm had revenue of C$1.84 billion for the quarter, compared to analysts’ expectations of C$1.85 billion. BRP had a return on equity of 37.60% and a net margin of 2.77%. On average, research analysts anticipate that BRP will post 6.890971 EPS for the current 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.