Citigroup Has Lowered Expectations for BRP (TSE:DOO) Stock Price

BRP (TSE:DOO) had its price target lowered by analysts at Citigroup from C$128.00 to C$119.00 in a research note issued to investors on Monday,BayStreet.CA reports. Citigroup’s price target would suggest a potential upside of 23.73% from the stock’s current price.

A number of other brokerages have also recently commented on DOO. Stifel Nicolaus lifted their price objective on shares of BRP from C$106.00 to C$120.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Canaccord Genuity Group upped their target price on shares of BRP from C$116.00 to C$118.00 in a research report on Friday, December 5th. Raymond James Financial lowered their price target on shares of BRP from C$117.00 to C$115.00 in a report on Friday. Scotiabank boosted their price objective on 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. Finally, National Bank Financial upgraded BRP from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$105.00 to C$125.00 in a research report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, BRP presently has an average rating of “Moderate Buy” and a consensus target price of C$115.14.

BRP Price Performance

TSE:DOO traded up C$4.35 during trading hours on Monday, reaching C$96.18. The stock had a trading volume of 199,745 shares, compared to its average volume of 218,088. The stock has a market capitalization of C$7.03 billion, a PE ratio of 20.73, a PEG ratio of 2.05 and a beta of 1.15. BRP has a 52 week low of C$43.88 and a 52 week high of C$112.26. The company has a 50 day moving average price of C$100.39 and a two-hundred day moving average price of C$96.63. The company has a debt-to-equity ratio of 443.59, a quick ratio of 0.20 and a current ratio of 1.27.

BRP (TSE:DOO) last posted 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 during the quarter. As a group, sell-side analysts anticipate that BRP will post 6.890971 earnings per share for the current fiscal 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).