BRP Inc. (TSE:DOO) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• BRP has a “Moderate Buy” consensus rating from 16 brokerages: eight recommend buying, two strongly recommend buying, and six rate the stock as a hold. The average 12-month price target is C$100.60.
• Recent analyst views were mixed, with some firms raising their targets while Stifel Nicolaus downgraded the stock to hold and Raymond James cut its rating to market perform.
• BRP reported quarterly revenue of C$2.39 billion and earnings of C$1.83 per share. Its shares opened at C$93.82, up 1.9%, while the company posted a 12-month trading range of C$67.11 to C$112.26.

BRP Inc. (TSE:DOO - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the sixteen brokerages that are currently covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$100.60.

A number of analysts recently issued reports on DOO shares. Scotiabank upped their target price on BRP from C$80.00 to C$83.00 and gave the company a "sector perform" rating in a research report on Friday, May 29th. National Bank Financial lifted their price target on BRP from C$84.00 to C$98.00 and gave the stock a "sector perform" rating in a research report on Thursday. Citigroup reduced their price objective on BRP from C$75.00 to C$74.00 and set a "buy" rating for the company in a research note on Friday, May 29th. Stifel Nicolaus downgraded BRP from a "buy" rating to a "hold" rating and decreased their price objective for the company from C$92.00 to C$85.00 in a report on Friday, May 29th. Finally, Raymond James Financial lowered shares of BRP from a "strong-buy" rating to a "market perform" rating in a research report on Friday, April 24th.

BRP Trading Up 1.9%

TSE DOO opened at C$93.82 on Friday. BRP has a 12 month low of C$67.11 and a 12 month high of C$112.26. The company has a market capitalization of C$6.92 billion, a price-to-earnings ratio of 25.63, a price-to-earnings-growth ratio of 2.05 and a beta of 0.81. The company has a debt-to-equity ratio of 419.45, a current ratio of 1.30 and a quick ratio of 0.20. The firm's fifty day moving average price is C$86.88 and its 200 day moving average price is C$89.07.

BRP (TSE:DOO - Get Free Report) last released its quarterly earnings data on Thursday, May 28th. The company reported C$1.83 earnings per share (EPS) for the quarter. BRP had a net margin of 3.01% and a return on equity of 46.01%. The company had revenue of C$2.39 billion during the quarter. On average, sell-side analysts expect that BRP will post 6.890971 earnings per share for the current fiscal 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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