BMO Capital Markets Issues Positive Forecast for BRP (TSE:DOO) Stock Price

BRP (TSE:DOO) had its price objective raised by BMO Capital Markets from C$115.00 to C$120.00 in a research report sent to investors on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

DOO has been the subject of a number of other reports. Raymond James Financial cut their target price on BRP from C$117.00 to C$115.00 in a research note on Friday. Desjardins lifted their price target on BRP from C$117.00 to C$130.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Canaccord Genuity Group upped their price objective on BRP from C$116.00 to C$118.00 in a report on Friday, December 5th. National Bank Financial upgraded BRP from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$105.00 to C$125.00 in a research report on Friday, December 5th. Finally, Royal Bank Of Canada raised their target price on BRP from C$107.00 to C$131.00 and gave the company an “outperform” rating in a report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$116.29.

BRP Trading Down 1.3%

Shares of BRP stock opened at C$91.83 on Friday. The firm has a market cap of C$6.71 billion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 2.05 and a beta of 1.15. BRP has a 52-week low of C$43.88 and a 52-week high of C$112.26. The company’s 50-day simple moving average is C$100.39 and its 200-day simple moving average is C$96.54. The company has a quick ratio of 0.20, a current ratio of 1.27 and a debt-to-equity ratio of 443.59.

BRP (TSE:DOO) last announced its quarterly earnings data on Thursday, March 26th. The company reported C$2.21 EPS for the quarter. BRP had a net margin of 3.45% and a return on equity of 54.95%. The firm had revenue of C$2.46 billion during the quarter. As a group, equities research analysts anticipate that BRP will post 6.890971 earnings per share for the current year.

Trending Headlines about BRP

Here are the key news stories impacting BRP this week:

• Positive Sentiment: BRP reported Q4 EPS of C$2.21 and revenue of C$2.46 billion (revenue up ~16%), and raised its dividend — positive fundamental news that supports the equity case. BRP ups dividend, reports $45.8M Q4 profit, revenue up 16 per cent
• Positive Sentiment: Several brokers raised targets/ratings: Desjardins bumped its target to C$138 (buy), BMO raised to C$120 (outperform), and Wells Fargo lifted its target to C$110 (overweight) — these increases signal continued analyst confidence and meaningful upside from current levels. Analyst rating roundup
• Neutral Sentiment: Ci Capital trimmed its target from C$128 to C$119 but kept a buy rating (still substantial upside), a more modest adjustment versus some peers. Ci Capital target change
• Neutral Sentiment: Raymond James cut its target slightly to C$115 from C$117 but the target still implies solid upside — mixed analyst tweaks add to near-term volatility rather than a clear directional signal. Raymond James target change

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).