BRP (TSE:DOO) Trading Up 0.4% - Should You Buy?

Key Points

• BRP Inc. shares increased by 0.4%, trading at C$79.00 after hitting a high of C$79.23, with a trading volume decrease of 7% compared to the average.
• Analysts have varied opinions on BRP, with Citigroup and TD Securities raising price targets significantly, while National Bankshares reduced theirs; the consensus rating is "Hold" with a target price of C$68.38.
• The company has a market cap of C$6.23 billion and a high PE ratio of 31.93, indicating investor expectations for future growth despite a high debt-to-equity ratio of 573.79.

BRP Inc. (TSE:DOO - Get Free Report) shares traded up 0.4% during mid-day trading on Friday . The company traded as high as C$79.23 and last traded at C$79.00. 166,341 shares were traded during mid-day trading, a decline of 7% from the average session volume of 178,248 shares. The stock had previously closed at C$78.65.

Analysts Set New Price Targets

DOO has been the subject of several recent analyst reports. TD Securities raised their price objective on shares of BRP from C$87.00 to C$107.00 and gave the company a "buy" rating in a research note on Tuesday. Royal Bank Of Canada lifted their price target on shares of BRP from C$68.00 to C$100.00 and gave the company an "outperform" rating in a research report on Tuesday. Citigroup boosted their price target on BRP from C$69.00 to C$93.00 and gave the stock a "neutral" rating in a research note on Tuesday. Stifel Canada raised BRP from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 29th. Finally, Canaccord Genuity Group upgraded BRP from a "hold" rating to a "buy" rating and boosted their target price for the stock from C$80.00 to C$108.00 in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$91.69.

BRP Stock Up 6.3%

The company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37. The company has a market cap of C$6.71 billion, a PE ratio of -183.78, a PEG ratio of 2.05 and a beta of 1.05. The firm has a fifty day simple moving average of C$71.93 and a 200 day simple moving average of C$60.49.

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.