BRP (TSE:DOO) Posts Earnings Results

BRP (TSE:DOO) posted its quarterly earnings results on Thursday. The company reported C$2.21 EPS for the quarter, FiscalAI reports. The firm had revenue of C$2.46 billion for the quarter. BRP had a net margin of 0.30% and a return on equity of 5.55%.

BRP Price Performance

DOO stock opened at C$89.53 on Thursday. The business has a 50 day simple moving average of C$101.05 and a 200-day simple moving average of C$96.58. The company has a debt-to-equity ratio of 489.75, a current ratio of 1.23 and a quick ratio of 0.20. The firm has a market capitalization of C$6.57 billion, a PE ratio of 271.30, a price-to-earnings-growth ratio of 2.05 and a beta of 1.15. BRP has a 1 year low of C$43.88 and a 1 year high of C$112.26.

Analysts Set New Price Targets

DOO has been the topic of a number of research analyst reports. Canadian Imperial Bank of Commerce boosted their target price on BRP from C$115.00 to C$118.00 and gave the stock an “outperform” rating in a research report on Friday, December 5th. Desjardins raised their target price on shares of BRP from C$117.00 to C$130.00 and gave the company a “buy” rating in a report on Friday, December 5th. Wells Fargo & Company upgraded shares of BRP to a “strong-buy” rating in a report on Wednesday, March 11th. Stifel Nicolaus raised their price target on shares of BRP from C$106.00 to C$120.00 and gave the company a “buy” rating in a report on Friday, December 5th. Finally, National Bank Financial upgraded shares of BRP from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$105.00 to C$125.00 in a research note on Friday, December 5th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$111.33.

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).