Ci Capital Cuts BRP (TSE:DOO) Price Target to C$119.00

BRP (TSE:DOO) had its price objective reduced by Ci Capital from C$128.00 to C$119.00 in a research note released on Friday morning,BayStreet.CA reports. Ci Capital currently has a buy rating on the stock.

Several other research firms have also commented on DOO. 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. TD Securities increased their target price on BRP from C$106.00 to C$119.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Royal Bank Of Canada lifted their target price on BRP from C$107.00 to C$131.00 and gave the company an “outperform” rating in a research report on Friday, December 5th. Wells Fargo & Company boosted their price target on shares of BRP from C$105.00 to C$110.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Stifel Nicolaus increased their price target on shares of BRP from C$106.00 to C$120.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$116.29.

BRP Price Performance

BRP stock opened at C$91.83 on Friday. The company’s 50 day simple moving average is C$100.39 and its 200-day simple moving average is C$96.63. The company has a debt-to-equity ratio of 443.59, a quick ratio of 0.20 and a current ratio of 1.27. BRP has a 1 year low of C$43.88 and a 1 year high of C$112.26. The company has a market capitalization of C$6.71 billion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 2.05 and a beta of 1.15.

BRP (TSE:DOO) last posted its quarterly earnings data on Thursday, March 26th. The company reported C$2.21 earnings per share for the quarter. The firm 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%. As a group, equities research analysts expect that BRP will post 6.890971 earnings per share for the current year.

Key Headlines Impacting BRP

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).