BRP Inc. (TSE:DOO) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of BRP Inc. (TSE:DOO) have received an average recommendation of “Moderate Buy” from the sixteen analysts that are covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$98.73.

Several research analysts have recently issued reports on DOO shares. Canadian Imperial Bank of Commerce upped their target price on shares of BRP from C$90.00 to C$94.00 and gave the company an “outperformer” rating in a report on Friday, May 29th. Canaccord Genuity Group lowered shares of BRP from a “buy” rating to a “hold” rating and cut their price target for the stock from C$118.00 to C$90.00 in a research note on Wednesday, April 15th. Scotia reduced their price target on shares of BRP from C$117.00 to C$80.00 and set a “sector perform” rating for the company in a research report on Thursday, April 16th. Citigroup decreased their price objective on shares of BRP from C$75.00 to C$74.00 and set a “buy” rating for the company in a research note on Friday, May 29th. Finally, Scotiabank raised their price objective on BRP from C$80.00 to C$83.00 and gave the stock a “sector perform” rating in a report on Friday, May 29th.

BRP Price Performance

Shares of TSE DOO opened at C$86.62 on Tuesday. The company has a debt-to-equity ratio of 419.45, a quick ratio of 0.20 and a current ratio of 1.30. BRP has a fifty-two week low of C$67.11 and a fifty-two week high of C$112.26. The firm has a market capitalization of C$6.39 billion, a PE ratio of 23.67, a price-to-earnings-growth ratio of 2.05 and a beta of 0.83. The stock’s 50-day simple moving average is C$84.39 and its 200-day simple moving average is C$90.77.

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

BRP Company Profile

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.