BRP (TSE:DOO) Given a C$84.00 Price Target by TD Analysts

BRP (TSE:DOO) has been assigned a C$84.00 price target by equities research analysts at TD in a research note issued on Thursday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD’s target price points to a potential upside of 10.53% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Canaccord Genuity Group cut shares of BRP from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$118.00 to C$90.00 in a report on Wednesday, April 15th. Desjardins cut their price objective on shares of BRP from C$138.00 to C$97.00 and set a “buy” rating on the stock in a report on Thursday, April 16th. National Bank Financial cut shares of BRP from an “outperform” rating to a “hold” rating and cut their price objective for the stock from C$125.00 to C$80.00 in a report on Wednesday, April 15th. BMO Capital Markets raised their price objective on shares of BRP from C$115.00 to C$120.00 and gave the stock an “outperform” rating in a report on Friday, March 27th. Finally, Scotia cut their price objective on shares of BRP from C$117.00 to C$80.00 and set a “sector perform” rating on the stock in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$103.33.

BRP Stock Up 0.8%

TSE:DOO traded up C$0.60 during mid-day trading on Thursday, hitting C$76.00. The stock had a trading volume of 141,724 shares, compared to its average volume of 298,804. The stock has a 50-day simple moving average of C$85.93 and a two-hundred day simple moving average of C$95.35. The company has a market capitalization of C$5.60 billion, a PE ratio of 19.24, a PEG ratio of 2.05 and a beta of 1.03. BRP has a twelve month low of C$48.50 and a twelve month high of C$112.26. The company has a current ratio of 1.27, a quick ratio of 0.20 and a debt-to-equity ratio of 443.59.

BRP (TSE:DOO) last issued its earnings results on Thursday, March 26th. The company reported C$2.21 earnings per share for the quarter. BRP had a net margin of 3.45% and a return on equity of 54.95%. The firm had revenue of C$2.46 billion for the quarter. On average, equities research analysts anticipate that BRP will post 6.890971 EPS for the current year.

About BRP

BRP designs, develops, manufactures, distributes, and markets snowmobiles, all-terrain vehicles, and personal watercraft under the Ski-Doo, Sea-Doo, Can-Am, and Lynx brand names. It also builds engines under the Rotax brand (after discontinuing the Evinrude outboard engine business in 2020) and offers clothing, parts, and accessories that cater to its core consumers. In 2018, BRP created a marine group, acquiring boat manufacturers Alumacraft, Triton (which makes Manitou pontoon boats), and Telwater (in Australia).