BRP Inc. (TSE:DOO) Given Consensus Recommendation of “Moderate Buy” by Analysts

BRP Inc. (TSE:DOO) has been given a consensus recommendation of “Moderate Buy” by the sixteen brokerages that are covering the company, Marketbeat Ratings reports. Six investment 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 twelve-month price target among brokers that have issued a report on the stock in the last year is C$100.60.

Several research firms recently commented on DOO. Royal Bank Of Canada boosted their price target on BRP from C$107.00 to C$113.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. TD raised shares of BRP from a “hold” rating to a “buy” rating and increased their target price for the company from C$92.00 to C$106.00 in a research note on Wednesday, August 19th. Scotiabank upped their price objective on shares of 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. Desjardins increased their price target on shares of BRP from C$97.00 to C$103.00 and gave the company a “buy” rating in a report on Monday, June 1st. Finally, TD Securities upgraded shares of BRP from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th.

BRP Price Performance

Shares of BRP stock opened at C$83.67 on Friday. The company’s fifty day simple moving average is C$86.95 and its two-hundred day simple moving average is C$88.49. BRP has a 12-month low of C$67.11 and a 12-month high of C$112.26. The firm has a market cap of C$6.17 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 2.05 and a beta of 0.81. The company has a quick ratio of 0.20, a current ratio of 1.30 and a debt-to-equity ratio of 419.45.

BRP (TSE:DOO) last posted its quarterly earnings data on Thursday, May 28th. The company reported C$1.83 earnings per share (EPS) for the quarter. BRP had a return on equity of 46.01% and a net margin of 3.01%.The business had revenue of C$2.39 billion during the quarter. As a group, equities analysts expect that BRP will post 6.890971 EPS 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.