Raymond James Financial Cuts BRP (TSE:DOO) Price Target to C$115.00

BRP (TSE:DOO) had its price target trimmed by Raymond James Financial from C$117.00 to C$115.00 in a research note released on Friday,BayStreet.CA reports.

Several other research analysts have also recently weighed in on DOO. Scotiabank lifted their price target on BRP from C$102.00 to C$117.00 and gave the company a “sector perform” rating in a research report on Friday, December 5th. Canaccord Genuity Group upped their price objective on BRP from C$116.00 to C$118.00 in a research report on Friday, December 5th. Wells Fargo & Company raised their price objective 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. Royal Bank Of Canada lifted their target price on shares of BRP from C$107.00 to C$131.00 and gave the company an “outperform” rating in a report on Friday, December 5th. Finally, Desjardins boosted their target price on shares of BRP from C$117.00 to C$130.00 and gave the company a “buy” rating in a research note on Friday, December 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, BRP presently has an average rating of “Moderate Buy” and a consensus target price of C$116.29.

BRP Price Performance

Shares of DOO opened at C$91.83 on Friday. The business’s 50-day moving average is C$100.39 and its two-hundred day moving average is C$96.63. The company has a market capitalization 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 has a fifty-two week low of C$43.88 and a fifty-two week high of C$112.26. 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 (TSE:DOO) last issued its quarterly earnings data on Thursday, March 26th. The company reported C$2.21 earnings per share (EPS) for the quarter. BRP had a return on equity of 54.95% and a net margin of 3.45%.The business had revenue of C$2.46 billion during the quarter. Research analysts predict 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).