BRP (TSE:DOO) Upgraded at TD Securities

BRP (TSE:DOO) was upgraded by equities researchers at TD Securities from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other analysts have also issued reports on DOO. Desjardins increased their target price on BRP from C$97.00 to C$103.00 and gave the stock a “buy” rating in a report on Monday, June 1st. TD boosted their price target on BRP from C$84.00 to C$92.00 and gave the company a “hold” rating in a research note on Friday, May 29th. Canadian Imperial Bank of Commerce upped their price objective on shares of BRP from C$90.00 to C$94.00 and gave the stock an “outperformer” rating in a research report on Friday, May 29th. Raymond James Financial downgraded shares of BRP from a “strong-buy” rating to a “market perform” rating in a research note on Friday, April 24th. Finally, Royal Bank Of Canada raised their target price on shares of BRP from C$107.00 to C$113.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$98.73.

BRP Trading Up 7.7%

Shares of DOO stock opened at C$95.31 on Tuesday. The stock has a market cap of C$7.03 billion, a P/E ratio of 26.04, a price-to-earnings-growth ratio of 2.05 and a beta of 0.81. BRP has a 1 year low of C$67.11 and a 1 year high of C$112.26. The company has a current ratio of 1.30, a quick ratio of 0.20 and a debt-to-equity ratio of 419.45. The stock has a 50 day simple moving average of C$86.23 and a 200 day simple moving average of C$89.19.

BRP (TSE:DOO) last posted its quarterly earnings data on Thursday, May 28th. The company reported C$1.83 EPS for the quarter. The firm had revenue of C$2.39 billion for the quarter. BRP had a return on equity of 46.01% and a net margin of 3.01%. On average, research analysts predict that BRP will post 6.890971 earnings per share for the current fiscal year.

BRP Company Profile

BRP Inc is a global leader in the world of powersports products and powertrains, built on over 80 years of ingenuity, innovation, and intensive consumer focus. Through its portfolio of industry-leading and distinctive brands featuring Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on- and off-road vehicles, Quintrex boats as well as Rotax engines for karts, recreational aircraft and jet boats, BRP unlocks exhilarating adventures and provides access to experiences across different playgrounds.