BRP (TSE:DOO) Downgraded to Hold at Cibc World Mkts

BRP (TSE:DOO) was downgraded by equities researchers at Cibc World Mkts from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday, Zacks.com reports.

Several other research firms also recently commented on DOO. Raymond James dropped their price objective on shares of BRP from C$108.00 to C$100.00 in a report on Monday, June 3rd. Canaccord Genuity Group set a C$90.00 price target on BRP and gave the company a “hold” rating in a report on Wednesday, August 28th. Scotiabank cut BRP from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from C$103.00 to C$91.00 in a report on Monday. CIBC lowered shares of BRP from an “outperform” rating to a “neutral” rating and cut their target price for the company from C$100.00 to C$92.00 in a report on Monday. Finally, Desjardins downgraded shares of BRP from a “moderate buy” rating to a “hold” rating in a research note on Sunday. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$96.00.

BRP Price Performance

The stock has a fifty day moving average price of C$92.56 and a 200 day moving average price of C$91.30. The company has a current ratio of 1.35, a quick ratio of 0.20 and a debt-to-equity ratio of 461.35. The company has a market capitalization of C$2.82 billion, a price-to-earnings ratio of 10.57, a P/E/G ratio of 2.05 and a beta of 2.33. BRP has a 12-month low of C$77.42 and a 12-month high of C$108.01.

BRP (TSE:DOO) last issued its earnings results on Friday, September 6th. The company reported C$0.61 earnings per share for the quarter, topping the consensus estimate of C$0.30 by C$0.31. The company had revenue of C$1.84 billion during the quarter, compared to the consensus estimate of C$1.85 billion. BRP had a net margin of 5.83% and a return on equity of 94.59%. Equities analysts anticipate that BRP will post 8.3681507 earnings per share for the current year.

About BRP

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.