BRP (TSE:DOO) Downgraded to Hold at Stifel Nicolaus

BRP (TSE:DOO) was downgraded by Stifel Nicolaus from a “buy” rating to a “hold” rating in a report issued on Wednesday, BayStreet.CA reports. They currently have a C$97.00 price target on the stock, down from their previous price target of C$106.00. Stifel Nicolaus’ price objective suggests a potential upside of 4.55% from the stock’s current price.

A number of other equities analysts also recently commented on the stock. National Bankshares downgraded shares of BRP from an “outperform” rating to a “sector perform” rating and cut their target price for the company from C$109.00 to C$100.00 in a research note on Wednesday. TD Securities reduced their price objective on shares of BRP from C$100.00 to C$98.00 and set a “hold” rating for the company in a research note on Monday, June 3rd. CIBC reduced their price objective on shares of BRP from C$110.00 to C$100.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Citigroup increased their price target on shares of BRP from C$100.00 to C$110.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Finally, Raymond James reduced their price target on shares of BRP from C$108.00 to C$100.00 in a research report on Monday, June 3rd. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, BRP has an average rating of “Moderate Buy” and a consensus price target of C$102.38.

BRP Stock Performance

Shares of TSE:DOO traded down C$1.33 on Wednesday, reaching C$92.78. The company’s stock had a trading volume of 125,821 shares, compared to its average volume of 196,172. The stock’s 50-day moving average is C$91.35 and its two-hundred day moving average is C$91.22. BRP has a 52-week low of C$77.42 and a 52-week high of C$109.96. The company has a debt-to-equity ratio of 461.35, a current ratio of 1.35 and a quick ratio of 0.20. The stock has a market capitalization of C$3.30 billion, a P/E ratio of 12.45, a PEG ratio of 3.17 and a beta of 2.33.

BRP (TSE:DOO) last released its quarterly earnings results on Friday, May 31st. The company reported C$0.95 EPS for the quarter, beating the consensus estimate of C$0.88 by C$0.07. The business had revenue of C$2.03 billion for the quarter, compared to analyst estimates of C$2.02 billion. BRP had a net margin of 5.83% and a return on equity of 94.59%. As a group, sell-side analysts forecast that BRP will post 9.3383534 EPS for the current year.

BRP Company Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.