BRP (NASDAQ:DOOO) Given New $131.00 Price Target at Royal Bank Of Canada

BRP (NASDAQ:DOOO) had its price objective increased by Royal Bank Of Canada from $107.00 to $131.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 73.95% from the stock’s current price.

DOOO has been the subject of a number of other research reports. Loop Capital began coverage on shares of BRP in a report on Thursday, November 13th. They issued a “buy” rating for the company. Cibc World Mkts upgraded shares of BRP from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 1st. UBS Group raised their target price on shares of BRP from $35.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, September 5th. BMO Capital Markets restated an “outperform” rating on shares of BRP in a research note on Tuesday, September 2nd. Finally, CIBC upgraded BRP from a “neutral” rating to a “sector outperform” rating in a research note on Tuesday, September 2nd. Four equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.40.

BRP Stock Up 0.0%

Shares of NASDAQ DOOO opened at $75.31 on Friday. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of -314.10 and a beta of 1.26. BRP has a 1 year low of $31.78 and a 1 year high of $78.07. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.55 and a current ratio of 1.34. The stock’s 50-day simple moving average is $65.55 and its 200-day simple moving average is $56.83.

BRP (NASDAQ:DOOO) last announced its earnings results on Thursday, December 4th. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.27. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.50 billion. BRP had a positive return on equity of 61.26% and a negative net margin of 0.34%.BRP’s revenue was up 14.0% on a year-over-year basis. BRP has set its FY 2026 guidance at 3.600-3.600 EPS. As a group, equities analysts anticipate that BRP will post 3.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DOOO. Osaic Holdings Inc. grew its holdings in shares of BRP by 905.8% in the 2nd quarter. Osaic Holdings Inc. now owns 694 shares of the company’s stock worth $34,000 after acquiring an additional 625 shares during the last quarter. Sagard Holdings Management Inc. purchased a new position in BRP in the 2nd quarter worth about $41,000. Geode Capital Management LLC raised its holdings in BRP by 1.9% during the 2nd quarter. Geode Capital Management LLC now owns 50,692 shares of the company’s stock worth $2,463,000 after buying an additional 955 shares during the period. JPMorgan Chase & Co. lifted its stake in BRP by 1,057.4% during the third quarter. JPMorgan Chase & Co. now owns 1,088 shares of the company’s stock valued at $66,000 after buying an additional 994 shares in the last quarter. Finally, Addenda Capital Inc. increased its position in shares of BRP by 5.8% in the third quarter. Addenda Capital Inc. now owns 19,326 shares of the company’s stock worth $1,175,000 after acquiring an additional 1,052 shares in the last quarter.

About BRP

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.