BRP (TSE:DOO) Given New C$98.00 Price Target at National Bank Financial

Key Points

• National Bank Financial raised BRP’s price target to C$98 from C$84 while maintaining a “sector perform” rating, implying approximately 6.56% upside.
• Analyst sentiment remains broadly positive, with BRP holding a consensus “Moderate Buy” rating and an average price target of C$100.60; recommendations range from “strong buy” to “hold.”
• BRP reported quarterly EPS of C$1.83 on C$2.39 billion in revenue. Its shares recently traded at C$91.97, while the stock’s 12-month range is C$67.11 to C$112.26.

BRP (TSE:DOO - Get Free Report) had its target price hoisted by equities researchers at National Bank Financial from C$84.00 to C$98.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has a "sector perform" rating on the stock. National Bank Financial's price objective would suggest a potential upside of 6.56% from the company's current price.

Other research analysts have also issued reports about the company. Scotiabank increased their price objective on BRP from C$80.00 to C$83.00 and gave the stock a "sector perform" rating in a research note on Friday, May 29th. TD Securities upgraded shares of BRP from a "hold" rating to a "strong-buy" rating in a research note on Tuesday. Royal Bank Of Canada upped their target price on shares of BRP from C$107.00 to C$113.00 and gave the stock an "outperform" rating in a report on Friday, May 29th. Citigroup dropped their target price on shares of BRP from C$75.00 to C$74.00 and set a "buy" rating for the company in a research report on Friday, May 29th. Finally, Stifel Nicolaus cut shares of BRP from a "buy" rating to a "hold" rating and dropped their target price for the stock from C$92.00 to C$85.00 in a research report on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$100.60.

BRP Price Performance

Shares of DOO stock traded down C$2.23 during trading hours on Thursday, hitting C$91.97. The company had a trading volume of 92,768 shares, compared to its average volume of 290,597. BRP has a 12 month low of C$67.11 and a 12 month high of C$112.26. The firm has a market capitalization of C$6.78 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 2.05 and a beta of 0.81. The firm's fifty day moving average is C$86.50 and its 200 day moving average is C$89.11. The company has a debt-to-equity ratio of 419.45, a quick ratio of 0.20 and a current ratio of 1.30.

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