BRP (NASDAQ:DOO) Downgraded to Hold Rating by Canaccord Genuity Group

BRP (NASDAQ:DOO) was downgraded by stock analysts at Canaccord Genuity Group from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other equities research analysts have also recently commented on DOO. Zacks Research raised shares of BRP from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 27th. Citigroup decreased their target price on shares of BRP from $87.00 to $86.00 and set a “buy” rating for the company in a research report on Monday, March 30th. National Bank Financial cut shares of BRP from an “outperform” rating to a “sector perform” rating in a research report on Wednesday. TD Securities cut shares of BRP from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of BRP in a research report on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $80.50.

BRP Stock Performance

Shares of DOO opened at $50.93 on Wednesday. The company has a debt-to-equity ratio of 3.92, a current ratio of 1.27 and a quick ratio of 0.56. The stock has a market cap of $3.74 billion, a PE ratio of 17.50 and a beta of 1.15. The stock has a 50 day simple moving average of $71.71. BRP has a fifty-two week low of $31.78 and a fifty-two week high of $81.89.

Institutional Trading of BRP

Large investors have recently bought and sold shares of the stock. Addenda Capital Inc. purchased a new stake in BRP during the 4th quarter worth approximately $1,170,000. QV Investors Inc. purchased a new stake in BRP during the 4th quarter worth approximately $31,701,000. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in BRP during the 4th quarter worth approximately $852,000. Intact Investment Management Inc. purchased a new stake in BRP during the 4th quarter worth approximately $156,000. Finally, Triasima Portfolio Management inc. purchased a new stake in BRP during the 4th quarter worth approximately $5,551,000.

Key BRP News

Here are the key news stories impacting BRP this week:

• Neutral Sentiment: Law firm Johnson Fistel is investigating potential claims on behalf of BRP shareholders — this signals investor scrutiny and possible litigation but is informational at this stage. BRP Inc. Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information About Potentially Recovering Their Losses
• Negative Sentiment: BRP formally suspended FY27 guidance after the tariff amendment, saying the new tariff structure materially increases costs and replaces the prior metal-content tariff approach — management withdrew forward guidance pending clarity. BRP Suspends FY27 Guidance Due to Changes to U.S. Tariff Environment
• Negative Sentiment: Reports estimate the tariff change could create a roughly $500M+ hit to BRP’s profits; media coverage highlights steep share declines and elevated downside risk to FY27 earnings and margins. BRP Inc. shares crash as Trump tariffs pose half-billion dollar bite
• Negative Sentiment: Multiple outlets report large intraday share declines as markets priced in the tariff shock and guidance withdrawal — investors are reacting to higher input costs, potential price changes and demand risk. Sea-Doo maker BRP hit by US tariff changes; shares plunge 33%
• Negative Sentiment: Analyst coverage turned cautious: TD Cowen cut BRP from buy to hold and National Bank Financial downgraded to sector perform — these ratings changes reduce near-term sell‑side support. Finviz / The Fly (coverage of analyst downgrades)
• Neutral Sentiment: Industry commentary notes the tariff shock could ripple across recreational-vehicle and industrial suppliers; implications depend on BRP’s ability to reprice, reshuffle sourcing or shift production — outcomes remain uncertain. BRP tariff warning weighs on recreational vehicle space

About BRP

BRP Inc, headquartered in Valcourt, Quebec, designs, manufactures and distributes powersports vehicles and propulsion systems for recreational and utility use. The company traces its roots to the Bombardier family and the early development of the snowmobile, and it operates as a global manufacturer of recreational vehicles and related technologies.

BRP’s product portfolio includes snowmobiles, personal watercraft and sport boats, off-road vehicles (including all-terrain and side-by-side models) and three‑wheel on‑road vehicles.