BRP (TSE:DOO) Given New C$98.00 Price Target at Raymond James

BRP (TSE:DOO) had its price target decreased by Raymond James from C$100.00 to C$98.00 in a research report released on Monday,BayStreet.CA reports.

DOO has been the topic of a number of other reports. National Bank Financial downgraded BRP from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 20th. DA Davidson lowered their price objective on BRP from C$105.00 to C$96.00 and set a “buy” rating for the company in a research report on Tuesday, September 10th. Canaccord Genuity Group lowered their price objective on BRP from C$88.00 to C$80.00 in a research report on Wednesday, November 27th. CIBC cut BRP from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from C$100.00 to C$92.00 in a research report on Monday, September 9th. Finally, BMO Capital Markets lowered their price objective on BRP from C$115.00 to C$100.00 in a research report on Monday, September 9th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, BRP presently has an average rating of “Hold” and a consensus target price of C$90.50.

BRP Trading Up 4.2 %

DOO opened at C$75.79 on Monday. The stock’s fifty day moving average is C$72.31 and its two-hundred day moving average is C$83.93. The company has a market capitalization of C$2.61 billion, a P/E ratio of 22.97, a PEG ratio of 2.05 and a beta of 2.28. BRP has a 52 week low of C$65.32 and a 52 week high of C$102.46. The company has a quick ratio of 0.20, a current ratio of 1.32 and a debt-to-equity ratio of 545.75.

BRP (TSE:DOO) last announced its quarterly earnings results on Friday, September 6th. The company reported C$0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.30 by C$0.31. BRP had a return on equity of 37.60% and a net margin of 2.77%. The business had revenue of C$1.84 billion for the quarter, compared to the consensus estimate of C$1.85 billion. Analysts forecast that BRP will post 6.890971 earnings per share for the current year.

BRP Company Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.