BRP (TSE:DOO) Upgraded by National Bank Financial to Strong-Buy Rating

Key Points

• National Bank Financial upgraded BRP from “hold” to “strong buy,” joining TD Securities with the same rating.
• Analyst sentiment is broadly positive: three analysts rate BRP a Strong Buy and eight rate it Buy, with an average target price of C$100.60 versus the reported opening price of C$88.23.
• BRP reported quarterly revenue of C$2.24 billion and EPS of C$(0.18); the company’s shares currently have a market capitalization of about C$6.51 billion.

BRP (TSE:DOO - Get Free Report) was upgraded by stock analysts at National Bank Financial from a "hold" rating to a "strong-buy" rating in a research report issued on Thursday, Zacks reports.

Several other equities research analysts have also recently issued reports on DOO. TD raised shares of BRP from a "hold" rating to a "buy" rating and raised their target price for the stock from C$92.00 to C$106.00 in a research report on Wednesday, August 19th. TD Securities raised shares of BRP from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 18th. Citigroup cut their price target on shares of BRP from C$75.00 to C$74.00 and set a "buy" rating on the stock in a research note on Friday, May 29th. Desjardins lifted their price target on shares of BRP from C$97.00 to C$103.00 and gave the company a "buy" rating in a report on Monday, June 1st. Finally, Scotiabank boosted their price objective on shares of BRP from C$80.00 to C$83.00 and gave the company a "sector perform" rating in a research note on Friday, May 29th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$100.60.

BRP Stock Performance

TSE DOO opened at C$88.23 on Thursday. The business's 50-day moving average price is C$87.04 and its 200 day moving average price is C$87.65. The company has a current ratio of 1.30, a quick ratio of 0.20 and a debt-to-equity ratio of 419.45. BRP has a twelve month low of C$67.11 and a twelve month high of C$112.26. The company has a market capitalization of C$6.51 billion, a PE ratio of 24.11, a price-to-earnings-growth ratio of 2.05 and a beta of 0.81.

BRP (TSE:DOO - Get Free Report) last posted its quarterly earnings results on Thursday, September 3rd. The company reported C($0.18) EPS for the quarter. BRP had a net margin of 3.01% and a return on equity of 46.01%. The business had revenue of C$2.24 billion during the quarter. On average, research 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.

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