BRP (TSE:DOO) Upgraded by TD Securities to “Strong-Buy” Rating

TD Securities upgraded shares of BRP (TSE:DOO) from a hold rating to a strong-buy rating in a report published on Tuesday,Zacks.com reports.

Other research analysts have also recently issued reports about the stock. Raymond James Financial cut shares of BRP from a “strong-buy” rating to a “market perform” rating in a research report on Friday, April 24th. Stifel Nicolaus lowered shares of BRP from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$92.00 to C$85.00 in a research report on Friday, May 29th. Desjardins raised their target price on shares of BRP from C$97.00 to C$103.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Royal Bank Of Canada lifted 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. Finally, Citigroup decreased their price target on shares of BRP from C$75.00 to C$74.00 and set a “buy” rating for the company in a research report on Friday, May 29th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$98.73.

BRP Stock Performance

Shares of TSE:DOO opened at C$95.31 on Tuesday. The business has a 50-day moving average of C$86.23 and a two-hundred day moving average of C$89.19. The firm has a market capitalization of C$7.03 billion, a PE ratio of 26.04, a P/E/G ratio of 2.05 and a beta of 0.81. The company has a debt-to-equity ratio of 419.45, a current ratio of 1.30 and a quick ratio of 0.20. BRP has a 12 month low of C$67.11 and a 12 month high of C$112.26.

BRP (TSE:DOO) last released its quarterly earnings data on Thursday, May 28th. The company reported C$1.83 earnings per share for the quarter. The business 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%. As a group, research analysts forecast that BRP will post 6.890971 earnings per share for the current 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.