BRP (TSE:DOO) Price Target Raised to C$98.00

BRP (TSE:DOO) had its price target boosted by National Bank Financial from C$84.00 to C$98.00 in a research report report published on Thursday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other equities analysts have also recently issued reports on the company. Scotiabank boosted their target price on BRP from C$80.00 to C$83.00 and gave the company a “sector perform” rating in a research note on Friday, May 29th. Stifel Nicolaus lowered BRP from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$92.00 to C$85.00 in a research note on Friday, May 29th. TD upgraded shares of BRP from a “hold” rating to a “buy” rating and lifted their price target for the company from C$92.00 to C$106.00 in a report on Wednesday. Canadian Imperial Bank of Commerce boosted their price objective on shares of BRP from C$90.00 to C$94.00 and gave the company an “outperformer” rating in a research report on Friday, May 29th. Finally, 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 report on Friday, May 29th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$100.60.

BRP Trading Up 1.9%

DOO opened at C$93.82 on Thursday. The company has a debt-to-equity ratio of 419.45, a current ratio of 1.30 and a quick ratio of 0.20. The firm has a market capitalization of C$6.92 billion, a PE ratio of 25.63, a P/E/G ratio of 2.05 and a beta of 0.81. BRP has a fifty-two week low of C$67.11 and a fifty-two week high of C$112.26. The company’s 50-day moving average is C$86.88 and its 200 day moving average is C$89.07.

BRP (TSE:DOO) last released 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. As a group, research analysts predict that BRP will post 6.890971 earnings per share for the current fiscal year.

About BRP

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.