BRP (TSE:DOO) Price Target Raised to C$110.00

BRP (TSE:DOO) had its price objective upped by Wells Fargo & Company from C$105.00 to C$110.00 in a research note published on Friday,BayStreet.CA reports. They currently have an overweight rating on the stock.

Other equities research analysts have also recently issued reports about the company. Canaccord Genuity Group boosted their price objective on BRP from C$116.00 to C$118.00 in a research note on Friday, December 5th. Desjardins raised their price objective on BRP from C$117.00 to C$130.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Canadian Imperial Bank of Commerce lifted their target price on BRP from C$115.00 to C$118.00 and gave the stock an “outperform” rating in a report on Friday, December 5th. Stifel Nicolaus increased their price target on BRP from C$106.00 to C$120.00 and gave the company a “buy” rating in a report on Friday, December 5th. Finally, National Bank Financial upgraded BRP from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from C$105.00 to C$125.00 in a research report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$116.29.

BRP Stock Down 1.3%

Shares of TSE:DOO opened at C$91.83 on Friday. The stock has a fifty day simple moving average of C$100.39 and a two-hundred day simple moving average of C$96.63. BRP has a 12-month low of C$43.88 and a 12-month high of C$112.26. The stock has a market capitalization of C$6.71 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 2.05 and a beta of 1.15. The company has a current ratio of 1.27, a quick ratio of 0.20 and a debt-to-equity ratio of 443.59.

BRP (TSE:DOO) last announced its quarterly earnings data on Thursday, March 26th. The company reported C$2.21 earnings per share (EPS) for the quarter. The business had revenue of C$2.46 billion during the quarter. BRP had a net margin of 3.45% and a return on equity of 54.95%. On average, research analysts anticipate that BRP will post 6.890971 earnings per share for the current fiscal year.

More BRP News

Here are the key news stories impacting BRP this week:

• Positive Sentiment: BRP reported Q4 EPS of C$2.21 and revenue of C$2.46 billion (revenue up ~16%), and raised its dividend — positive fundamental news that supports the equity case. BRP ups dividend, reports $45.8M Q4 profit, revenue up 16 per cent
• Positive Sentiment: Several brokers raised targets/ratings: Desjardins bumped its target to C$138 (buy), BMO raised to C$120 (outperform), and Wells Fargo lifted its target to C$110 (overweight) — these increases signal continued analyst confidence and meaningful upside from current levels. Analyst rating roundup
• Neutral Sentiment: Ci Capital trimmed its target from C$128 to C$119 but kept a buy rating (still substantial upside), a more modest adjustment versus some peers. Ci Capital target change
• Neutral Sentiment: Raymond James cut its target slightly to C$115 from C$117 but the target still implies solid upside — mixed analyst tweaks add to near-term volatility rather than a clear directional signal. Raymond James target change

About BRP

BRP designs, develops, manufactures, distributes, and markets snowmobiles, all-terrain vehicles, and personal watercraft under the Ski-Doo, Sea-Doo, Can-Am, and Lynx brand names. It also builds engines under the Rotax brand (after discontinuing the Evinrude outboard engine business in 2020) and offers clothing, parts, and accessories that cater to its core consumers. In 2018, BRP created a marine group, acquiring boat manufacturers Alumacraft, Triton (which makes Manitou pontoon boats), and Telwater (in Australia).