BRP (TSE:DOO) Upgraded at TD

TD upgraded shares of BRP (TSE:DOO) from a hold rating to a buy rating in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has C$106.00 target price on the stock, up from their previous target price of C$92.00.

A number of other analysts have also weighed in on the stock. Raymond James Financial lowered shares of BRP from a “strong-buy” rating to a “market perform” rating in a research note on Friday, April 24th. Scotiabank boosted their target price on shares of BRP from C$80.00 to C$83.00 and gave the company a “sector perform” rating in a research report on Friday, May 29th. Citigroup lowered their price target on shares of BRP from C$75.00 to C$74.00 and set a “buy” rating on the stock in a report on Friday, May 29th. Canadian Imperial Bank of Commerce increased their price target on BRP from C$90.00 to C$94.00 and gave the stock an “outperformer” rating in a research report on Friday, May 29th. Finally, Royal Bank Of Canada lifted their price objective on BRP from C$107.00 to C$113.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, BRP has a consensus rating of “Moderate Buy” and an average target price of C$100.60.

BRP Price Performance

Shares of TSE:DOO opened at C$93.82 on Wednesday. BRP has a twelve month low of C$67.11 and a twelve month high of C$112.26. The company has a current ratio of 1.30, a quick ratio of 0.20 and a debt-to-equity ratio of 419.45. The company has a market cap of C$6.92 billion, a PE ratio of 25.63, a price-to-earnings-growth ratio of 2.05 and a beta of 0.81. The company’s 50 day moving average is C$86.88 and its 200 day moving average is C$89.07.

BRP (TSE:DOO) last announced its quarterly earnings data on Thursday, May 28th. The company reported C$1.83 EPS for the quarter. BRP had a net margin of 3.01% and a return on equity of 46.01%. The business had revenue of C$2.39 billion during the quarter. On average, sell-side analysts forecast that BRP will post 6.890971 EPS for the current year.

BRP Company Profile

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.