National Bank Financial Issues Positive Forecast for BRP (TSE:DOO) Stock Price

BRP (TSE:DOO) had its price objective increased by equities research analysts at National Bank Financial from C$80.00 to C$84.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 6.52% from the stock’s previous close.

DOO has been the subject of several other reports. Citigroup reduced their price objective on BRP from C$75.00 to C$74.00 and set a “buy” rating for the company in a research report on Friday. Scotiabank increased their price objective on BRP from C$80.00 to C$83.00 and gave the company a “sector perform” rating in a research report on Friday. Ci Capital reduced their price objective on BRP from C$128.00 to C$119.00 and set a “buy” rating for the company in a research report on Friday, March 27th. TD upped their target price on BRP from C$84.00 to C$92.00 and gave the company a “hold” rating in a research note on Friday. Finally, Desjardins cut their target price on BRP from C$138.00 to C$97.00 and set a “buy” rating for the company in a research note on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$98.33.

BRP Stock Performance

Shares of DOO traded down C$2.07 during mid-day trading on Friday, hitting C$78.86. The company’s stock had a trading volume of 160,259 shares, compared to its average volume of 296,492. BRP has a one year low of C$53.60 and a one year high of C$112.26. The company has a debt-to-equity ratio of 443.59, a quick ratio of 0.20 and a current ratio of 1.27. The firm has a market capitalization of C$5.81 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 2.05 and a beta of 1.03. The stock’s 50-day moving average is C$84.75 and its two-hundred day moving average is C$94.93.

BRP (TSE:DOO) last posted its quarterly earnings data on Thursday, May 28th. The company reported C$1.83 earnings per share for the quarter. BRP had a return on equity of 54.95% and a net margin of 3.45%.The company had revenue of C$2.39 billion during the quarter. As a group, sell-side analysts anticipate that BRP will post 6.890971 EPS 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).