TD Securities Has Lowered Expectations for BRP (TSE:DOO) Stock Price

BRP (TSE:DOO) had its price target lowered by analysts at TD Securities from C$95.00 to C$81.00 in a report issued on Tuesday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ price objective indicates a potential upside of 19.29% from the stock’s current price.

Other analysts have also recently issued reports about the company. National Bankshares decreased their target price on BRP from C$93.00 to C$84.00 in a research report on Thursday, November 21st. National Bank Financial downgraded BRP from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 20th. CIBC cut 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, September 9th. Stifel Nicolaus reduced their price target on shares of BRP from C$97.00 to C$82.00 in a research report on Monday, September 9th. Finally, Royal Bank of Canada lowered their price objective on shares of BRP from C$108.00 to C$99.00 in a research report on Monday, September 9th. Ten research 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 company currently has a consensus rating of “Hold” and a consensus target price of C$92.69.

BRP Trading Up 1.3 %

Shares of BRP stock opened at C$67.90 on Tuesday. The company has a current ratio of 1.32, a quick ratio of 0.20 and a debt-to-equity ratio of 545.75. The company has a fifty day simple moving average of C$74.29 and a 200-day simple moving average of C$85.29. The stock has a market cap of C$2.34 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 2.05 and a beta of 2.28. BRP has a 12-month low of C$65.32 and a 12-month high of C$102.46.

BRP (TSE:DOO) last released its quarterly earnings data on Friday, September 6th. The company reported C$0.61 earnings per share (EPS) for the quarter, beating 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 2.77% and a return on equity of 37.60%. On average, equities analysts forecast that BRP will post 6.890971 EPS for the current fiscal 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.