BRP (TSE:DOO) PT Raised to C$145.00

BRP (TSE:DOO – Get Free Report) had its target price increased by Scotiabank from C$142.00 to C$145.00 in a report issued on Friday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price objective would indicate a potential upside of 42.90% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. Royal Bank of Canada raised their target price on BRP from C$138.00 to C$141.00 and gave the company an “outperform” rating in a report on Friday, June 2nd. BMO Capital Markets reduced their target price on BRP from C$154.00 to C$150.00 and set an “outperform” rating on the stock in a report on Friday. Desjardins set a C$143.00 target price on BRP and gave the company an “outperform” rating in a report on Tuesday, August 22nd. CIBC raised their target price on BRP from C$137.00 to C$138.00 and gave the company an “outperform” rating in a report on Friday. Finally, TD Securities raised their target price on BRP from C$110.00 to C$115.00 and gave the company a “hold” rating in a report on Friday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$139.50.

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BRP Price Performance

BRP stock opened at C$101.47 on Friday. The stock’s fifty day moving average price is C$110.51 and its two-hundred day moving average price is C$106.74. BRP has a one year low of C$80.87 and a one year high of C$122.41. The company has a debt-to-equity ratio of 529.83, a current ratio of 1.34 and a quick ratio of 0.20. The firm has a market cap of C$3.62 billion, a PE ratio of 9.12, a price-to-earnings-growth ratio of 0.91 and a beta of 2.49.

BRP (TSE:DOO – Get Free Report) last posted its quarterly earnings data on Thursday, September 7th. The company reported C$3.21 EPS for the quarter, topping analysts’ consensus estimates of C$2.90 by C$0.31. BRP had a return on equity of 491.74% and a net margin of 8.42%. The firm had revenue of C$2.78 billion for the quarter, compared to analyst estimates of C$2.70 billion. As a group, research analysts expect that BRP will post 13.4235145 EPS for the current fiscal year.

BRP Company Profile

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BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in North America, Europe, Australia, New Zealand, and Latin America. The company operates through two segments, Powersports and Marine. The Powersports segment offers year-round products, such as Can-Am ATVs, SSVs, and 3WVs; seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo PWCs and pontoons, and Rotax engines for karts and recreational aircraft.

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