BRP (TSE:DOO) Price Target Raised to C$138.00

BRP (TSE:DOO) had its target price hoisted by Desjardins from C$130.00 to C$138.00 in a report issued on Friday,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Several other analysts also recently issued reports on the company. National Bank Financial upgraded BRP from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$105.00 to C$125.00 in a report on Friday, December 5th. BMO Capital Markets boosted their price objective on BRP from C$115.00 to C$120.00 and gave the stock an “outperform” rating in a research note on Friday. Raymond James Financial decreased their target price on BRP from C$117.00 to C$115.00 in a research report on Friday. TD Securities increased their target price on BRP from C$106.00 to C$119.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Finally, Royal Bank Of Canada raised their target price on BRP from C$107.00 to C$131.00 and gave the company an “outperform” rating in a report on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$116.29.

BRP Price Performance

DOO opened at C$91.83 on Friday. The company has a quick ratio of 0.20, a current ratio of 1.27 and a debt-to-equity ratio of 443.59. BRP has a 52-week low of C$43.88 and a 52-week high of C$112.26. The company has a 50 day moving average of C$100.39 and a two-hundred day moving average of C$96.63. The company has a market cap of C$6.71 billion, a P/E ratio of 19.79, a P/E/G ratio of 2.05 and a beta of 1.15.

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

BRP News Summary

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

BRP Company Profile

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).