BRP (TSE:DOO) Price Target Cut to C$80.00 by Analysts at Canaccord Genuity Group

BRP (TSE:DOO) had its target price reduced by equities research analysts at Canaccord Genuity Group from C$88.00 to C$80.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. Canaccord Genuity Group’s price target indicates a potential upside of 18.31% from the company’s previous close.

A number of other research firms also recently issued reports on DOO. CIBC downgraded BRP from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from C$100.00 to C$92.00 in a research note on Monday, September 9th. Scotiabank cut shares of BRP from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$103.00 to C$91.00 in a research report on Monday, September 9th. National Bankshares decreased their price target on shares of BRP from C$93.00 to C$84.00 in a research note on Thursday, November 21st. Citigroup dropped their price objective on shares of BRP from C$110.00 to C$101.00 in a research note on Monday, September 9th. Finally, National Bank Financial downgraded shares of BRP from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 20th. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, BRP presently has an average rating of “Hold” and a consensus price target of C$92.69.

BRP Stock Performance

DOO opened at C$67.62 on Wednesday. The company has a debt-to-equity ratio of 545.75, a quick ratio of 0.20 and a current ratio of 1.32. The stock has a market capitalization of C$2.33 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 2.05 and a beta of 2.28. The company has a fifty day moving average of C$74.00 and a 200 day moving average of C$85.11. BRP has a fifty-two week low of C$65.32 and a fifty-two week high of C$102.46.

BRP (TSE:DOO) last issued its quarterly earnings data on Friday, September 6th. The company reported C$0.61 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.30 by C$0.31. The firm had revenue of C$1.84 billion during the quarter, compared to analyst estimates of C$1.85 billion. BRP had a return on equity of 37.60% and a net margin of 2.77%. As a group, sell-side analysts forecast that BRP will post 6.890971 earnings per share 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.