Raymond James Financial Cuts BRP (TSE:DOO) Price Target to C$115.00

BRP (TSE:DOO) had its price objective decreased by equities researchers at Raymond James Financial from C$117.00 to C$115.00 in a research note issued on Friday,BayStreet.CA reports. Raymond James Financial’s price target indicates a potential upside of 24.73% from the stock’s current price.

DOO has been the topic of several other research reports. Canadian Imperial Bank of Commerce raised their target price on BRP from C$115.00 to C$118.00 and gave the company an “outperform” rating in a research report on Friday, December 5th. National Bank Financial raised shares of BRP from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$105.00 to C$125.00 in a report on Friday, December 5th. Scotiabank raised their price target on shares of BRP from C$102.00 to C$117.00 and gave the stock a “sector perform” rating in a research note on Friday, December 5th. Desjardins upped their price objective on shares of BRP from C$117.00 to C$130.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Finally, Wells Fargo & Company raised their target price on shares of BRP from C$105.00 to C$110.00 and gave the stock an “overweight” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$116.29.

BRP Stock Performance

TSE:DOO traded down C$0.88 during trading hours on Friday, reaching C$92.20. The company had a trading volume of 144,328 shares, compared to its average volume of 214,371. The company has a debt-to-equity ratio of 489.75, a current ratio of 1.23 and a quick ratio of 0.20. BRP has a 1-year low of C$43.88 and a 1-year high of C$112.26. The business’s 50 day moving average price is C$100.73 and its 200-day moving average price is C$96.55. The firm has a market cap of C$6.74 billion, a PE ratio of 19.87, a price-to-earnings-growth ratio of 2.05 and a beta of 1.15.

BRP (TSE:DOO) last issued its quarterly earnings results on Thursday, March 26th. The company reported C$2.21 earnings per share for the quarter. BRP had a net margin of 0.30% and a return on equity of 5.55%. The firm had revenue of C$2.46 billion for the quarter. Research analysts forecast 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).