Desjardins Issues Positive Forecast for BRP (TSE:DOO) Stock Price

BRP (TSE:DOO) had its price objective boosted by investment analysts at Desjardins from C$97.00 to C$103.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective indicates a potential upside of 27.95% from the stock’s current price.

DOO has been the topic of a number of other reports. Seaport Research Partners downgraded shares of BRP from a “buy” rating to a “hold” rating in a report on Wednesday, April 15th. BMO Capital Markets boosted their target price on shares of BRP from C$115.00 to C$120.00 and gave the stock an “outperform” rating in a report on Friday, March 27th. Ci Capital dropped their target price on shares of BRP from C$128.00 to C$119.00 and set a “buy” rating on the stock in a report on Friday, March 27th. Royal Bank Of Canada boosted their target price on shares of BRP from C$107.00 to C$113.00 and gave the stock an “outperform” rating in a report on Friday. Finally, National Bank Financial boosted their target price on shares of BRP from C$80.00 to C$84.00 and gave the stock a “sector perform” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, BRP presently has a consensus rating of “Moderate Buy” and an average target price of C$98.73.

BRP Price Performance

Shares of TSE:DOO traded up C$0.80 during trading on Monday, reaching C$80.50. The company had a trading volume of 159,952 shares, compared to its average volume of 298,624. The company has a debt-to-equity ratio of 419.45, a quick ratio of 0.20 and a current ratio of 1.30. The firm’s fifty day moving average is C$84.64 and its 200 day moving average is C$94.86. BRP has a twelve month low of C$59.43 and a twelve month high of C$112.26. The firm has a market capitalization of C$5.90 billion, a PE ratio of 21.99, a price-to-earnings-growth ratio of 2.05 and a beta of 1.03.

BRP (TSE:DOO) last released its earnings results on Thursday, May 28th. The company reported C$1.83 EPS for the quarter. BRP had a net margin of 3.01% and a return on equity of 46.01%. The business had revenue of C$2.39 billion for the quarter. On average, equities analysts forecast that BRP will post 6.890971 EPS for the current 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).