BRP (TSE:DOO) Stock Rating Upgraded by TD Securities

BRP (TSE:DOO - Get Free Report) was upgraded by equities research analysts at TD Securities from a "hold" rating to a "strong-buy" rating in a research report issued on Friday,Zacks.com reports.

A number of other equities research analysts also recently commented on the company. Desjardins raised BRP from a "hold" rating to a "moderate buy" rating in a research report on Thursday, May 29th. Stifel Nicolaus decreased their price target on BRP from C$58.00 to C$49.00 and set a "hold" rating on the stock in a research note on Wednesday, April 30th. Raymond James dropped their price objective on shares of BRP from C$98.00 to C$65.00 in a research note on Thursday, March 27th. Royal Bank of Canada cut their price objective on shares of BRP from C$99.00 to C$69.00 in a report on Friday, March 28th. Finally, Baird R W downgraded shares of BRP from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Nine investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of C$69.79.

BRP Trading Up 1.8%

Shares of BRP stock traded up C$1.07 during mid-day trading on Friday, hitting C$62.11. 146,939 shares of the stock were exchanged, compared to its average volume of 195,749. The stock has a market capitalization of C$4.57 billion, a price-to-earnings ratio of 23.41, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. BRP has a twelve month low of C$43.88 and a twelve month high of C$102.16. The company has a current ratio of 1.37, a quick ratio of 0.20 and a debt-to-equity ratio of 573.79. The company has a 50-day simple moving average of C$49.75 and a 200 day simple moving average of C$60.75.

BRP Company Profile

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.