BRP (TSE:DOO) Price Target Lowered to C$80.00 at Canaccord Genuity Group

BRP (TSE:DOO) had its price target decreased by analysts at Canaccord Genuity Group from C$88.00 to C$80.00 in a report released on Wednesday,BayStreet.CA reports. Canaccord Genuity Group’s target price points to a potential upside of 16.45% from the stock’s previous close.

DOO has been the subject of a number of other reports. Citigroup cut their price target on BRP from C$110.00 to C$101.00 in a report on Monday, September 9th. CIBC downgraded BRP from an “outperform” rating to a “neutral” rating and cut their target price for the stock from C$100.00 to C$92.00 in a research note on Monday, September 9th. Royal Bank of Canada decreased their price target on BRP from C$108.00 to C$99.00 in a research report on Monday, September 9th. BMO Capital Markets cut their price objective on shares of BRP from C$115.00 to C$100.00 in a research report on Monday, September 9th. Finally, TD Securities reduced their price objective on shares of BRP from C$95.00 to C$81.00 and set a “hold” rating for the company in a research note on Tuesday. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, BRP currently has a consensus rating of “Hold” and an average target price of C$92.69.

BRP Stock Performance

BRP stock traded up C$1.70 during midday trading on Wednesday, reaching C$68.70. The stock had a trading volume of 136,957 shares, compared to its average volume of 222,233. The firm has a market capitalization of C$2.37 billion, a PE ratio of 20.81, a P/E/G ratio of 2.05 and a beta of 2.28. BRP has a 12 month low of C$65.32 and a 12 month 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. The firm’s 50-day moving average price is C$74.63 and its 200 day moving average price is C$85.46.

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