BRP (TSE:DOO) Cut to Hold at Stifel Nicolaus

BRP (TSE:DOO) was downgraded by investment analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a report released on Friday,BayStreet.CA reports. They currently have a C$85.00 price target on the stock, down from their previous price target of C$92.00. Stifel Nicolaus’ price target suggests a potential upside of 7.79% from the stock’s previous close.

Several other research firms have also recently issued reports on DOO. Desjardins lowered their price objective on shares of BRP from C$138.00 to C$97.00 and set a “buy” rating for the company in a research report on Thursday, April 16th. Raymond James Financial cut shares of BRP from a “strong-buy” rating to a “market perform” rating in a research report on Friday, April 24th. Canaccord Genuity Group cut shares of BRP from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$118.00 to C$90.00 in a research report on Wednesday, April 15th. Royal Bank Of Canada lowered their price objective on shares of BRP from C$124.00 to C$107.00 and set an “outperform” rating for the company in a research report on Monday, April 20th. Finally, BMO Capital Markets boosted their price objective on shares of BRP from C$115.00 to C$120.00 and gave the company an “outperform” rating in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$98.33.

BRP Trading Down 2.6%

Shares of DOO stock traded down C$2.07 during trading hours on Friday, reaching C$78.86. 160,259 shares of the stock were exchanged, compared to its average volume of 296,492. BRP has a 12-month low of C$53.60 and a 12-month high of C$112.26. The company has a current ratio of 1.27, a quick ratio of 0.20 and a debt-to-equity ratio of 443.59. The company’s 50-day moving average price is C$84.75 and its 200-day moving average price is C$94.93. The firm has a market capitalization of C$5.81 billion, a price-to-earnings ratio of 19.96, a price-to-earnings-growth ratio of 2.05 and a beta of 1.03.

BRP (TSE:DOO) last released its quarterly earnings data on Thursday, May 28th. The company reported C$1.83 earnings per share (EPS) for the quarter. The company had revenue of C$2.39 billion during the quarter. BRP had a net margin of 3.45% and a return on equity of 54.95%. As a group, equities analysts anticipate that BRP will post 6.890971 earnings per share for the current year.

BRP Company Profile

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).