Royal Bank Of Canada Forecasts Strong Price Appreciation for BRP (NASDAQ:DOOO) Stock

Key Points

• Royal Bank of Canada raised its target price for BRP (NASDAQ:DOOO) from $100.00 to $107.00, indicating a potential upside of 60.43% from the current stock price.
• The stock has received multiple upgrades from various analysts, with four rating it as a Strong Buy and seven as a Buy, reflecting strong market confidence.
• BRP's recent earnings report showed an EPS of $0.67, significantly surpassing estimates, however, the company reported lower-than-expected revenue of $1.36 billion.

BRP (NASDAQ:DOOO - Get Free Report) had its target price lifted by equities researchers at Royal Bank Of Canada from $100.00 to $107.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's price target would suggest a potential upside of 60.43% from the stock's current price.

DOOO has been the topic of a number of other reports. CIBC raised BRP from a "neutral" rating to a "sector outperform" rating in a research report on Tuesday, September 2nd. Canaccord Genuity Group upgraded BRP from a "hold" rating to a "buy" rating in a report on Tuesday, September 2nd. Cibc World Mkts upgraded BRP from a "hold" rating to a "strong-buy" rating in a report on Monday, September 1st. National Bankshares set a $105.00 price objective on BRP and gave the company a "sector perform" rating in a report on Tuesday, September 2nd. Finally, Citigroup upgraded BRP from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $68.00 to $73.00 in a report on Wednesday, October 1st. Four research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $79.60.

BRP Trading Down 0.6%

Shares of NASDAQ:DOOO traded down $0.42 during trading on Thursday, reaching $66.70. 5,287 shares of the company traded hands, compared to its average volume of 246,939. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of -277.38 and a beta of 1.19. BRP has a 52-week low of $31.78 and a 52-week high of $68.45. The company has a current ratio of 1.34, a quick ratio of 0.55 and a debt-to-equity ratio of 5.54. The business's fifty day moving average is $61.68 and its 200-day moving average is $49.03.

BRP (NASDAQ:DOOO - Get Free Report) last announced its earnings results on Friday, August 29th. The company reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.34. BRP had a positive return on equity of 61.26% and a negative net margin of 0.34%.The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.77 billion. BRP has set its FY 2026 guidance at 3.090-3.460 EPS. As a group, analysts forecast that BRP will post 3.15 EPS for the current year.

Institutional Trading of BRP

A number of institutional investors have recently made changes to their positions in DOOO. Addenda Capital Inc. boosted its stake in BRP by 5.8% during the third quarter. Addenda Capital Inc. now owns 19,326 shares of the company's stock worth $1,175,000 after buying an additional 1,052 shares during the last quarter. Osaic Holdings Inc. lifted its stake in shares of BRP by 905.8% in the 2nd quarter. Osaic Holdings Inc. now owns 694 shares of the company's stock valued at $34,000 after purchasing an additional 625 shares during the last quarter. Tidal Investments LLC acquired a new position in shares of BRP in the 2nd quarter valued at $290,000. Select Equity Group L.P. purchased a new position in BRP in the 2nd quarter valued at approximately $1,793,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in BRP by 8.0% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 20,942 shares of the company's stock valued at $1,017,000 after purchasing an additional 1,557 shares in the last quarter.

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.

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