BRP (TSE:DOO) Given New C$120.00 Price Target at BMO Capital Markets

Key Points

• BMO Capital Markets raised its price target on BRP to C$120.00 and kept an "outperform" rating, implying roughly a 30.15% upside from the current share price; the stock's consensus rating is "Moderate Buy" with a consensus target of C$116.29 after several analysts adjusted their targets.
• Shares trade around C$92.20 (down 0.9%), with a market cap of C$6.74 billion and a PE of 19.87; BRP reported C$2.21 EPS and C$2.46 billion revenue for the quarter despite a low net margin (0.30%) and moderate return on equity (5.55%).

BRP (TSE:DOO - Get Free Report) had its target price lifted by research analysts at BMO Capital Markets from C$115.00 to C$120.00 in a report issued on Friday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. BMO Capital Markets' price objective would suggest a potential upside of 30.15% from the stock's current price.

DOO has been the subject of several other reports. TD Securities upped their price objective on shares of BRP from C$106.00 to C$119.00 and gave the company a "buy" rating in a research note on Friday, December 5th. National Bank Financial raised BRP from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from C$105.00 to C$125.00 in a research note on Friday, December 5th. Canadian Imperial Bank of Commerce lifted their price target on shares of BRP from C$115.00 to C$118.00 and gave the company an "outperform" rating in a report on Friday, December 5th. Ci Capital reduced their price objective on shares of BRP from C$128.00 to C$119.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Raymond James Financial decreased their price objective on shares of BRP from C$117.00 to C$115.00 in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, BRP currently has a consensus rating of "Moderate Buy" and a consensus price target of C$116.29.

BRP Trading Down 0.9%

DOO traded down C$0.88 on Friday, hitting C$92.20. 144,328 shares of the company were exchanged, compared to its average volume of 214,371. The company has a debt-to-equity ratio of 489.75, a quick ratio of 0.20 and a current ratio of 1.23. BRP has a 12 month low of C$43.88 and a 12 month high of C$112.26. The firm has a fifty day simple moving average of C$100.73 and a two-hundred day simple moving average of C$96.55. The stock has a market capitalization of C$6.74 billion, a PE ratio of 19.87, a price-to-earnings-growth ratio of 2.05 and a beta of 1.15.

BRP (TSE:DOO - Get Free Report) last issued its earnings results on Thursday, March 26th. The company reported C$2.21 earnings per share (EPS) for the quarter. BRP had a net margin of 0.30% and a return on equity of 5.55%. The firm had revenue of C$2.46 billion for the quarter. Sell-side analysts expect that BRP will post 6.890971 earnings per share for the current year.

BRP Company Profile

BRP designs, develops, manufactures, distributes, and markets snowmobiles, all-terrain vehicles, and personal watercraft under the Ski-Doo, Sea-Doo, Can-Am, and Lynx brand names. It also builds engines under the Rotax brand (after discontinuing the Evinrude outboard engine business in 2020) and offers clothing, parts, and accessories that cater to its core consumers. In 2018, BRP created a marine group, acquiring boat manufacturers Alumacraft, Triton (which makes Manitou pontoon boats), and Telwater (in Australia).

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