BRP (TSE:DOO) Price Target Cut to C$88.00 by Analysts at DA Davidson

BRP (TSE:DOO) had its price objective decreased by analysts at DA Davidson from C$96.00 to C$88.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. DA Davidson’s price target suggests a potential upside of 18.63% from the stock’s previous close.

Several other equities analysts have also weighed in on the stock. Stifel Nicolaus cut their target price on shares of BRP from C$82.00 to C$78.00 and set a “hold” rating for the company in a report on Monday. National Bank Financial downgraded shares of BRP from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Canaccord Genuity Group dropped their target price on BRP from C$88.00 to C$80.00 in a research report on Wednesday, November 27th. Royal Bank of Canada reduced their price target on BRP from C$108.00 to C$99.00 in a report on Monday, September 9th. Finally, Desjardins lowered BRP from a “moderate buy” rating to a “hold” rating in a report on Sunday, September 8th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$89.83.

BRP Stock Performance

TSE:DOO traded down C$1.61 during mid-day trading on Tuesday, hitting C$74.18. The company’s stock had a trading volume of 87,270 shares, compared to its average volume of 222,228. The business’s fifty day moving average is C$72.31 and its two-hundred day moving average is C$83.93. The stock has a market cap of C$2.56 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 2.05 and a beta of 2.28. BRP has a 1 year low of C$65.32 and a 1 year high of C$102.46. The company has a debt-to-equity ratio of 545.75, a current ratio of 1.32 and a quick ratio of 0.20.

BRP (TSE:DOO) last posted its earnings results on Friday, September 6th. The company reported C$0.61 EPS for the quarter, topping the consensus estimate of C$0.30 by C$0.31. BRP had a return on equity of 37.60% and a net margin of 2.77%. The firm had revenue of C$1.84 billion for the quarter, compared to analyst estimates of C$1.85 billion. Analysts anticipate that BRP will post 6.890971 EPS for the current fiscal 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.