BRP (TSE:DOO) Cut to Market Perform at BMO Capital Markets

BMO Capital Markets downgraded shares of BRP (TSE:DOO) from an outperform rating to a market perform rating in a research report released on Monday, BayStreet.CA reports. They currently have C$26.00 target price on the stock, down from their previous target price of C$72.00.

Several other brokerages also recently issued reports on DOO. UBS Group boosted their price target on shares of BRP from C$60.00 to C$74.00 in a report on Friday, November 29th. Royal Bank of Canada reduced their price target on shares of BRP from C$56.00 to C$40.00 and set an outperform rating for the company in a report on Monday. National Bank Financial reduced their price target on shares of BRP from C$73.00 to C$65.00 and set an outperform rating for the company in a report on Friday, February 28th. CIBC downgraded shares of BRP from an outperform rating to a neutral rating and reduced their price target for the company from C$70.00 to C$28.00 in a report on Monday. Finally, Citigroup boosted their price target on shares of BRP from C$71.00 to C$73.00 in a report on Wednesday, December 4th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of C$46.20.

Shares of DOO opened at C$23.01 on Monday. BRP has a 1 year low of C$18.56 and a 1 year high of C$75.37. The company has a market cap of $1.83 billion and a price-to-earnings ratio of 6.56. The firm has a fifty day moving average of C$53.73 and a 200-day moving average of C$57.44.

BRP (TSE:DOO) last announced its quarterly earnings results on Friday, March 20th. The company reported C$1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.06 by C$0.06. The firm had revenue of C$1.62 billion for the quarter, compared to analyst estimates of C$1.52 billion. On average, equities analysts expect that BRP will post 4.3000004 EPS for the current fiscal year.

BRP Company Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersport vehicles and marine products worldwide. It operates through two segments, Powersports and Marine. The company offers all-terrain, side-by-side, and three-wheeled vehicles; seasonal products consisting of snowmobiles and personal watercraft; and propulsion systems comprising engines for outboard and jet boats, karts, motorcycles, and recreational aircraft.

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Analyst Recommendations for BRP (TSE:DOO)

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