CIBC Cuts BRP (TSE:DOO) Price Target to C$82.00

BRP (TSE:DOO) had its target price decreased by CIBC from C$92.00 to C$82.00 in a report issued on Monday morning,BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

A number of other equities research analysts also recently commented on the stock. DA Davidson reduced their price objective on shares of 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. National Bankshares dropped their price objective on BRP from C$93.00 to C$84.00 in a report on Thursday, November 21st. Desjardins downgraded shares of BRP from a “moderate buy” rating to a “hold” rating in a report on Sunday, September 8th. Royal Bank of Canada reduced their price objective on shares of BRP from C$108.00 to C$99.00 in a research note on Monday, September 9th. Finally, TD Securities upped their target price on shares of BRP from C$81.00 to C$83.00 and gave the stock a “hold” rating in a research report on Monday. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, BRP has an average rating of “Hold” and an average target price of C$90.50.

BRP Stock Up 4.2 %

BRP stock opened at C$75.79 on Monday. The stock has a market capitalization of C$2.61 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 2.05 and a beta of 2.28. The company has a current ratio of 1.32, a quick ratio of 0.20 and a debt-to-equity ratio of 545.75. The stock has a 50 day moving average of C$72.31 and a two-hundred day moving average of C$83.93. BRP has a twelve month low of C$65.32 and a twelve month high of C$102.46.

BRP (TSE:DOO) last issued its quarterly earnings results on Friday, September 6th. The company reported C$0.61 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of C$1.84 billion during the quarter, compared to the consensus estimate of C$1.85 billion. As a group, research analysts expect 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.