BRP (TSE:DOO) Price Target Cut to C$102.00 by Analysts at Citigroup

BRP (TSE:DOO) had its target price lowered by Citigroup from C$119.00 to C$102.00 in a report released on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 25.48% from the company’s current price.

Several other research analysts also recently commented on DOO. Raymond James Financial decreased their price objective on BRP from C$117.00 to C$115.00 in a research note on Friday, March 27th. Royal Bank Of Canada decreased their price objective on BRP from C$124.00 to C$107.00 and set an “outperform” rating on the stock in a research note on Monday. TD Securities downgraded BRP from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Ci Capital decreased their price objective on BRP from C$128.00 to C$119.00 and set a “buy” rating on the stock in a research note on Friday, March 27th. Finally, TD cut BRP from a “buy” rating to a “hold” rating and cut their target price for the stock from C$119.00 to C$84.00 in a research report on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$101.75.

BRP Stock Performance

Shares of TSE DOO traded up C$2.12 during trading on Monday, hitting C$81.29. The company had a trading volume of 341,082 shares, compared to its average volume of 286,065. The stock has a 50 day simple moving average of C$97.27 and a 200 day simple moving average of C$97.74. 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 has a 12 month low of C$43.88 and a 12 month high of C$112.26. The firm has a market capitalization of C$5.94 billion, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 2.05 and a beta of 0.94.

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

BRP Company Profile

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).