BRP (TSE:DOO) Upgraded by National Bank Financial to Strong-Buy Rating

BRP (TSE:DOO – Get Free Report) was upgraded by National Bank Financial from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday, Zacks reports.

A number of other research firms have also recently commented on DOO. TD Securities raised shares of BRP from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. Desjardins upped their price objective on shares of BRP from C$97.00 to C$103.00 and gave the company a “buy” rating in a research report on Monday, June 1st. Canadian Imperial Bank of Commerce raised their target price on BRP from C$90.00 to C$94.00 and gave the company an “outperformer” rating in a research note on Friday, May 29th. Royal Bank Of Canada lifted their target price on BRP from C$107.00 to C$113.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Finally, Citigroup cut their price target on BRP from C$75.00 to C$74.00 and set a “buy” rating on the stock in a research note on Friday, May 29th. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, BRP currently has an average rating of “Moderate Buy” and an average target price of C$100.60.

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BRP Stock Up 0.7%

Shares of BRP stock opened at C$88.23 on Thursday. BRP has a twelve month low of C$67.11 and a twelve month high of C$112.26. The stock has a market cap of C$6.51 billion, a price-to-earnings ratio of 24.11, a price-to-earnings-growth ratio of 2.05 and a beta of 0.81. The company has a current ratio of 1.30, a quick ratio of 0.20 and a debt-to-equity ratio of 419.45. The company has a fifty day moving average price of C$87.04 and a 200 day moving average price of C$87.65.

BRP (TSE:DOO – Get Free Report) last issued its quarterly earnings data on Thursday, September 3rd. The company reported C($0.18) EPS for the quarter. BRP had a return on equity of 46.01% and a net margin of 3.01%.The company had revenue of C$2.24 billion for the quarter. Equities research analysts forecast that BRP will post 6.890971 earnings per share for the current fiscal year.

BRP Company Profile

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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.

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