BRP (TSE:DOO) Given a C$84.00 Price Target by TD Analysts

BRP (TSE:DOO – Get Free Report) has been assigned a C$84.00 price objective by stock analysts at TD in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD’s price target indicates a potential upside of 10.53% from the stock’s current price.

Several other brokerages have also recently commented on DOO. Canaccord Genuity Group cut shares of BRP from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$118.00 to C$90.00 in a research note on Wednesday, April 15th. Citigroup decreased their price objective on shares of BRP from C$119.00 to C$102.00 and set a “buy” rating for the company in a research note on Monday, April 20th. National Bank Financial cut shares of BRP from an “outperform” rating to a “hold” rating and decreased their price objective for the company from C$125.00 to C$80.00 in a research note on Wednesday, April 15th. Ci Capital decreased their price objective on shares of BRP from C$128.00 to C$119.00 and set a “buy” rating for the company in a research note on Friday, March 27th. Finally, TD Securities cut shares of BRP from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$103.33.

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BRP Stock Performance

TSE:DOO traded up C$0.60 during trading hours on Thursday, hitting C$76.00. 141,724 shares of the company were exchanged, compared to its average volume of 298,804. The stock has a market capitalization of C$5.60 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 2.05 and a beta of 1.03. BRP has a 52-week low of C$48.50 and a 52-week high of C$112.26. The company has a debt-to-equity ratio of 443.59, a current ratio of 1.27 and a quick ratio of 0.20. The company’s 50 day moving average price is C$85.93 and its 200-day moving average price is C$95.35.

BRP (TSE:DOO – Get Free Report) last announced its quarterly earnings data on Thursday, March 26th. The company reported C$2.21 EPS for the quarter. BRP had a net margin of 3.45% and a return on equity of 54.95%. The business had revenue of C$2.46 billion during the quarter. As a group, research analysts forecast that BRP will post 6.890971 earnings per share for the current year.

BRP Company Profile

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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).

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