BRP (TSE:DOO) Price Target Raised to C$110.00 at Citigroup

Key Points

• Citigroup raised BRP’s price target from C$106 to C$110 and maintained a “buy” rating, implying 27.4% upside from the stock’s current price.
• Analyst sentiment is broadly positive: BRP has a “Moderate Buy” consensus rating and an average price target of C$103.93, with several firms recently upgrading the stock or raising targets.
• BRP shares fell C$6.72 to C$86.34, while the company reported quarterly revenue of C$2.24 billion and a loss of C$0.18 per share; its debt-to-equity ratio remains high at 912.53.

BRP (TSE:DOO - Get Free Report) had its target price raised by investment analysts at Citigroup from C$106.00 to C$110.00 in a research note issued on Tuesday, BayStreet reports. The brokerage currently has a "buy" rating on the stock. Citigroup's price target suggests a potential upside of 27.40% from the stock's current price.

Other analysts also recently issued research reports about the company. Desjardins lifted their price objective on BRP from C$97.00 to C$103.00 and gave the stock a "buy" rating in a research note on Monday, June 1st. TD raised shares of BRP from a "hold" rating to a "buy" rating and raised their target price for the company from C$92.00 to C$106.00 in a report on Wednesday, August 19th. National Bank Financial upgraded shares of BRP from a "hold" rating to an "outperform" rating and boosted their price target for the stock from C$98.00 to C$112.00 in a research report on Thursday, September 3rd. Royal Bank Of Canada boosted their price target on shares of BRP from C$107.00 to C$113.00 and gave the stock an "outperform" rating in a research report on Friday, May 29th. Finally, Canadian Imperial Bank of Commerce upped their price target on shares of BRP from C$90.00 to C$94.00 and gave the company an "outperformer" rating in a research note on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$103.93.

BRP Price Performance

TSE DOO traded down C$6.72 on Tuesday, reaching C$86.34. The company had a trading volume of 287,212 shares, compared to its average volume of 293,001. The company has a quick ratio of 0.20, a current ratio of 1.19 and a debt-to-equity ratio of 912.53. The stock has a market capitalization of C$6.14 billion, a PE ratio of 57.18, a price-to-earnings-growth ratio of 2.05 and a beta of 0.68. The firm's 50 day moving average price is C$87.22 and its 200 day moving average price is C$87.44. BRP has a 12 month low of C$67.11 and a 12 month high of C$112.26.

BRP (TSE:DOO - Get Free Report) last released its quarterly earnings data on Thursday, September 3rd. The company reported C($0.18) EPS for the quarter. BRP had a net margin of 1.21% and a return on equity of 20.51%. The company had revenue of C$2.24 billion for the quarter. As a group, equities analysts predict that BRP will post 6.890971 earnings per share for the current year.

BRP Company Profile

BRP Inc is a global leader in the world of powersports products and powertrains, built on over 80 years of ingenuity, innovation, and intensive consumer focus. Through its portfolio of industry-leading and distinctive brands featuring Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on- and off-road vehicles, Quintrex boats as well as Rotax engines for karts, recreational aircraft and jet boats, BRP unlocks exhilarating adventures and provides access to experiences across different playgrounds.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.