BRP (TSE:DOO) Given New C$81.00 Price Target at TD Securities

BRP (TSE:DOO) had its price objective decreased by investment analysts at TD Securities from C$95.00 to C$81.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ price objective points to a potential upside of 19.29% from the stock’s previous close.

A number of other research analysts have also recently commented on the stock. BMO Capital Markets reduced their target price on shares of BRP from C$115.00 to C$100.00 in a research report on Monday, September 9th. Royal Bank of Canada cut their price objective on shares of BRP from C$108.00 to C$99.00 in a report on Monday, September 9th. National Bankshares decreased their price objective on shares of BRP from C$93.00 to C$84.00 in a research report on Thursday, November 21st. Citigroup dropped their target price on BRP from C$110.00 to C$101.00 in a research report on Monday, September 9th. Finally, Canaccord Genuity Group set a C$90.00 price target on BRP and gave the stock a “hold” rating in a research note on Wednesday, August 28th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, BRP presently has a consensus rating of “Hold” and an average target price of C$92.69.

BRP Trading Up 1.3 %

Shares of DOO opened at C$67.90 on Tuesday. BRP has a twelve month low of C$65.32 and a twelve month high of C$102.46. The firm has a market capitalization of C$2.34 billion, a P/E ratio of 20.58, a price-to-earnings-growth 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’s fifty day simple moving average is C$74.29 and its 200 day simple moving average is C$85.29.

BRP (TSE:DOO) last released its quarterly earnings data on Friday, September 6th. The company reported C$0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.30 by C$0.31. The company had revenue of C$1.84 billion during the quarter, compared to the consensus estimate of C$1.85 billion. BRP had a net margin of 2.77% and a return on equity of 37.60%. On average, equities research 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.