Brokerages Set BRP Inc. (TSE:DOO) Target Price at C$93.00

Shares of BRP Inc. (TSE:DOO) have been given an average recommendation of “Hold” by the twelve analysts that are covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$90.50.

Several equities research analysts recently weighed in on the stock. Canaccord Genuity Group cut their price objective on shares of BRP from C$88.00 to C$80.00 in a research report on Wednesday, November 27th. National Bank Financial cut shares of BRP from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Stifel Nicolaus lowered their price target on BRP from C$82.00 to C$78.00 and set a “hold” rating for the company in a report on Monday. DA Davidson reduced their price objective on BRP from C$105.00 to C$96.00 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. Finally, Raymond James dropped their target price on shares of BRP from C$100.00 to C$98.00 in a report on Monday.

BRP Stock Performance

Shares of TSE:DOO opened at C$75.79 on Thursday. The firm has a market cap of C$2.61 billion, a PE ratio of 22.97, a PEG ratio of 2.05 and a beta of 2.28. BRP has a 12-month low of C$65.32 and a 12-month high of C$102.46. The company has a quick ratio of 0.20, a current ratio of 1.32 and a debt-to-equity ratio of 545.75. The company’s 50 day moving average price is C$72.31 and its two-hundred day moving average price is C$83.93.

BRP (TSE:DOO) last released its earnings results on Friday, September 6th. The company reported C$0.61 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.30 by C$0.31. BRP had a return on equity of 37.60% and a net margin of 2.77%. The firm had revenue of C$1.84 billion during the quarter, compared to the consensus estimate of C$1.85 billion. Equities research analysts predict that BRP will post 6.890971 earnings per share for the current year.

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.