Raymond James Financial Has Lowered Expectations for BRP (TSE:DOO) Stock Price

Key Points

• Raymond James Financial cut its price target on BRP from C$117 to C$115, which the firm says implies roughly a 24.7% upside from the recent close.
• Several other analysts largely raised their targets on Dec. 5 (TD, BMO, National Bank, Canaccord, Stifel), leaving BRP with a consensus rating of Moderate Buy and an average price target of C$116.29.
• BRP shares traded at C$92.20 (down 0.9%) with a market cap of C$6.74 billion and a P/E of 19.87; the company reported C$2.21 EPS on C$2.46 billion revenue for the quarter and shows a high reported debt-to-equity ratio of 489.75 and a 1‑year range of C$43.88–C$112.26.

BRP (TSE:DOO - Get Free Report) had its price target decreased by stock analysts at Raymond James Financial from C$117.00 to C$115.00 in a report released on Friday,BayStreet.CA reports. Raymond James Financial's target price would indicate a potential upside of 24.73% from the company's previous close.

Several other equities analysts also recently commented on the company. TD Securities upped their price objective on BRP from C$106.00 to C$119.00 and gave the company a "buy" rating in a research report on Friday, December 5th. BMO Capital Markets lifted their target price on BRP from C$105.00 to C$115.00 and gave the stock an "outperform" rating in a research report on Friday, December 5th. National Bank Financial upgraded shares of BRP from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from C$105.00 to C$125.00 in a report on Friday, December 5th. Canaccord Genuity Group raised their price target on shares of BRP from C$116.00 to C$118.00 in a research note on Friday, December 5th. Finally, Stifel Nicolaus lifted their price objective on shares of BRP from C$106.00 to C$120.00 and gave the company a "buy" rating in a report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$116.29.

BRP Trading Down 0.9%

Shares of DOO traded down C$0.88 during midday trading on Friday, hitting C$92.20. The stock had a trading volume of 144,328 shares, compared to its average volume of 214,371. The stock's 50 day moving average is C$100.73 and its 200 day moving average is C$96.55. The firm has a market cap 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. The company has a debt-to-equity ratio of 489.75, a current ratio of 1.23 and a quick ratio of 0.20. BRP has a 1 year low of C$43.88 and a 1 year high of C$112.26.

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

About BRP

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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