BRP (TSE:DOO) Upgraded to “Strong-Buy” at TD Securities

BRP (TSE:DOO) was upgraded by equities research analysts at TD Securities from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other research analysts have also weighed in on the company. Raymond James Financial lowered BRP from a “strong-buy” rating to a “market perform” rating in a report on Friday, April 24th. TD lifted their price objective on shares of BRP from C$84.00 to C$92.00 and gave the stock a “hold” rating in a research report on Friday, May 29th. Stifel Nicolaus downgraded shares of BRP from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$92.00 to C$85.00 in a report on Friday, May 29th. National Bank Financial increased their price objective on shares of BRP from C$80.00 to C$84.00 and gave the company a “sector perform” rating in a research report on Friday, May 29th. Finally, Royal Bank Of Canada increased their price objective on shares of BRP from C$107.00 to C$113.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$98.73.

BRP Stock Up 7.7%

Shares of DOO stock opened at C$95.31 on Tuesday. BRP has a 52-week low of C$67.11 and a 52-week high of C$112.26. The stock has a market cap of C$7.03 billion, a price-to-earnings ratio of 26.04, a PEG ratio of 2.05 and a beta of 0.81. The firm’s 50-day moving average is C$86.23 and its 200-day moving average is C$89.19. 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 (TSE:DOO) last posted its quarterly earnings results on Thursday, May 28th. The company reported C$1.83 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. Sell-side analysts predict that BRP will post 6.890971 EPS for the current 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.