Brokerages Set BRP Inc. (TSE:DOO) Target Price at C$100.60

Shares of BRP Inc. (TSE:DOO) have been given a consensus recommendation of “Moderate Buy” by the sixteen analysts that are presently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$100.60.

A number of research analysts have recently issued reports on the company. National Bank Financial increased their target price on BRP from C$84.00 to C$98.00 and gave the company a “sector perform” rating in a research report on Thursday, August 20th. Scotiabank upped their price objective on shares of BRP from C$80.00 to C$83.00 and gave the stock a “sector perform” rating in a research report on Friday, May 29th. TD Securities raised shares of BRP from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 18th. Stifel Nicolaus lowered shares of BRP from a “buy” rating to a “hold” rating and dropped their target price for the company from C$92.00 to C$85.00 in a research report on Friday, May 29th. Finally, TD upgraded shares of BRP from a “hold” rating to a “buy” rating and lifted their target price for the company from C$92.00 to C$106.00 in a research report on Wednesday, August 19th.

BRP Price Performance

TSE:DOO opened at C$86.05 on Friday. BRP has a 52 week low of C$67.11 and a 52 week high of C$112.26. 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 stock has a market capitalization of C$6.35 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 2.05 and a beta of 0.81. The stock’s 50-day moving average price is C$87.02 and its 200-day moving average price is C$88.34.

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