BRP (TSE:DOO) Price Target Cut to C$99.00

BRP (TSE:DOO) had its price objective cut by research analysts at Royal Bank of Canada from C$108.00 to C$99.00 in a research report issued on Monday, BayStreet.CA reports. Royal Bank of Canada’s price objective suggests a potential upside of 22.04% from the stock’s previous close.

DOO has been the subject of several other reports. National Bank Financial cut BRP from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 20th. Citigroup increased their price objective on BRP from C$100.00 to C$110.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Canaccord Genuity Group set a C$90.00 target price on shares of BRP and gave the stock a “hold” rating in a research note on Wednesday, August 28th. Raymond James dropped their price target on shares of BRP from C$108.00 to C$100.00 in a research report on Monday, June 3rd. Finally, CIBC decreased their price objective on shares of BRP from C$110.00 to C$100.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$96.69.

BRP Trading Down 4.9 %

Shares of DOO traded down C$4.18 during mid-day trading on Monday, reaching C$81.12. The company’s stock had a trading volume of 330,754 shares, compared to its average volume of 197,601. BRP has a 52 week low of C$77.42 and a 52 week high of C$108.01. The stock has a market cap of C$2.89 billion, a PE ratio of 10.89, a P/E/G ratio of 2.05 and a beta of 2.33. The company’s fifty day moving average price is C$92.68 and its two-hundred day moving average price is C$91.38. The company has a current ratio of 1.35, a quick ratio of 0.20 and a debt-to-equity ratio of 461.35.

BRP (TSE:DOO) last posted its quarterly earnings results on Friday, September 6th. The company reported C$0.61 earnings per share for the quarter, topping the consensus estimate of C$0.30 by C$0.31. BRP had a net margin of 5.83% and a return on equity of 94.59%. The business had revenue of C$1.84 billion during the quarter, compared to the consensus estimate of C$1.85 billion. On average, analysts predict that BRP will post 8.3681507 earnings per share for the current fiscal year.

About BRP

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.