BRP Inc. (TSE:DOO) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• BRP has a consensus “Moderate Buy” rating from 16 analysts: eight recommend holding, seven recommend buying, and one rates it a strong buy. The average 12-month price target is C$98.73.
• Recent analyst views were mixed, with Desjardins raising its target to C$103 and CIBC increasing its target to C$94, while Stifel and Seaport downgraded the stock to “hold.”
• BRP shares opened at C$87.05, below the consensus target, after the company reported quarterly revenue of C$2.39 billion and EPS of C$1.83. The company’s debt-to-equity ratio remains high at 419.45.

Shares of BRP Inc. (TSE:DOO - Get Free Report) have received an average recommendation of "Moderate Buy" from the sixteen ratings firms that are covering the company, MarketBeat reports. Eight analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$98.73.

Several equities analysts recently issued reports on DOO shares. Desjardins boosted their price target on shares of BRP from C$97.00 to C$103.00 and gave the company a "buy" rating in a research report on Monday, June 1st. Seaport Research Partners lowered shares of BRP from a "buy" rating to a "hold" rating in a report on Wednesday, April 15th. Stifel Nicolaus cut BRP from a "buy" rating to a "hold" rating and cut their price objective for the company from C$92.00 to C$85.00 in a research report on Friday, May 29th. Scotiabank upped their target price on BRP from C$80.00 to C$83.00 and gave the stock a "sector perform" rating in a report on Friday, May 29th. Finally, Canadian Imperial Bank of Commerce increased their target price on BRP from C$90.00 to C$94.00 and gave the stock an "outperformer" rating in a research report on Friday, May 29th.

BRP Stock Performance

Shares of DOO stock opened at C$87.05 on Tuesday. The stock has a fifty day moving average of C$83.46 and a 200 day moving average of C$91.07. BRP has a 52 week low of C$67.11 and a 52 week high of C$112.26. The firm has a market capitalization of C$6.42 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 2.05 and a beta of 0.83. The company has a quick ratio of 0.20, a current ratio of 1.30 and a debt-to-equity ratio of 419.45.

BRP (TSE:DOO - Get Free Report) last issued 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 business had revenue of C$2.39 billion for the quarter. As a group, research analysts expect that BRP will post 6.890971 earnings per share for the current year.

About BRP

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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