BRP Inc. (TSE:DOO) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• BRP Inc. has received an average rating of "Moderate Buy" from twelve research firms, with four hold ratings, six buy ratings, and two strong buy ratings.
• Brokerages have significantly raised their price targets for BRP, with CIBC and Royal Bank of Canada both increasing their targets to C$100.00.
• The company's stock opened at C$90.66 recently, with a current market cap of C$6.62 billion and a twelve-month high of C$92.62.

BRP Inc. (TSE:DOO - Get Free Report) has received an average recommendation of "Moderate Buy" from the eleven brokerages that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$91.69.

A number of research firms recently issued reports on DOO. Royal Bank Of Canada boosted their target price on shares of BRP from C$68.00 to C$100.00 and gave the company an "outperform" rating in a report on Tuesday, September 2nd. National Bankshares raised their price target on shares of BRP from C$83.00 to C$101.00 and gave the company a "sector perform" rating in a report on Tuesday, September 2nd. Stifel Canada raised shares of BRP from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 29th. Desjardins raised shares of BRP from a "hold" rating to a "moderate buy" rating in a research report on Thursday, May 29th. Finally, Stifel Nicolaus boosted their target price on shares of BRP from C$88.00 to C$97.00 and gave the company a "buy" rating in a research note on Tuesday, September 2nd.

BRP Price Performance

Shares of TSE:DOO traded down C$0.73 on Friday, reaching C$89.70. 96,942 shares of the company were exchanged, compared to its average volume of 188,669. The company has a current ratio of 1.37, a quick ratio of 0.20 and a debt-to-equity ratio of 573.79. BRP has a 1-year low of C$43.88 and a 1-year high of C$94.51. The firm has a market cap of C$6.55 billion, a price-to-earnings ratio of -179.40, a price-to-earnings-growth ratio of 2.05 and a beta of 1.16. The company has a 50-day moving average of C$74.97 and a 200-day moving average of C$61.77.

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.