BRP Inc. (TSE:DOO) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of BRP Inc. (TSE:DOO) have received a consensus recommendation of “Moderate Buy” from the sixteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$98.73.

Several equities research analysts have issued reports on DOO shares. Royal Bank Of Canada increased their price target on BRP from C$107.00 to C$113.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Scotia cut their price objective on BRP from C$117.00 to C$80.00 and set a “sector perform” rating on the stock in a report on Thursday, April 16th. Canaccord Genuity Group lowered BRP from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$118.00 to C$90.00 in a research report on Wednesday, April 15th. TD raised their target price on shares of BRP from C$84.00 to C$92.00 and gave the stock a “hold” rating in a report on Friday, May 29th. Finally, Stifel Nicolaus cut shares of BRP from a “buy” rating to a “hold” rating and reduced their price target for the company from C$92.00 to C$85.00 in a report on Friday, May 29th.

BRP Stock Performance

Shares of TSE DOO opened at C$86.62 on Tuesday. BRP has a twelve month low of C$67.11 and a twelve month high of C$112.26. The stock has a market cap of C$6.39 billion, a price-to-earnings ratio of 23.67, a P/E/G ratio of 2.05 and a beta of 0.83. The company has a quick ratio of 0.20, a current ratio of 1.30 and a debt-to-equity ratio of 419.45. The company’s fifty day moving average is C$84.56 and its 200-day moving average is C$90.59.

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

About BRP

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.