BRP (NASDAQ:DOO) Price Target Lowered to $74.00 at Citigroup

BRP (NASDAQ:DOO) had its price objective lowered by Citigroup from $75.00 to $74.00 in a research report sent to investors on Friday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

A number of other research firms also recently issued reports on DOO. National Bank Financial downgraded BRP from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, April 15th. Raymond James Financial downgraded BRP from a “strong-buy” rating to a “market perform” rating in a research report on Friday, April 24th. UBS Group reissued a “neutral” rating on shares of BRP in a research report on Friday, April 24th. Stifel Nicolaus downgraded BRP from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Zacks Research downgraded BRP from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Four equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $85.33.

BRP Stock Down 1.4%

DOO stock opened at $57.77 on Friday. The company has a debt-to-equity ratio of 3.92, a quick ratio of 0.56 and a current ratio of 1.27. The stock has a fifty day simple moving average of $61.45. BRP has a twelve month low of $38.18 and a twelve month high of $81.89. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 21.80 and a beta of 0.90.

BRP Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, June 30th. BRP’s dividend payout ratio (DPR) is currently 24.74%.

Institutional Investors Weigh In On BRP

Several institutional investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp acquired a new stake in BRP in the fourth quarter worth about $207,651,000. Price T Rowe Associates Inc. MD acquired a new stake in BRP in the fourth quarter worth about $169,341,000. Capital World Investors acquired a new stake in BRP in the fourth quarter worth about $158,763,000. FIL Ltd acquired a new stake in BRP in the fourth quarter worth about $123,110,000. Finally, Vanguard Group Inc. acquired a new stake in BRP in the fourth quarter worth about $98,153,000.

Key Stories Impacting BRP

Here are the key news stories impacting BRP this week:

• Positive Sentiment: BRP reported fiscal Q1 2027 results that beat expectations, with EPS of $1.33 versus $0.75 expected and revenue of $1.74 billion versus $1.52 billion expected; revenue rose 29.5% year over year. Article: BRP Inc. (DOO) Beats Q1 Earnings and Revenue Estimates
• Positive Sentiment: The company also raised its outlook, guiding FY2027 revenue to $9.1 billion-$9.4 billion and normalized diluted EPS to $3.00-$3.50, both signaling stronger-than-expected growth. Article: BRP Reports Fiscal Year 2027 First Quarter Results
• Positive Sentiment: Citigroup kept a buy rating and only trimmed its price target slightly to $74 from $75, still implying meaningful upside from current levels. Article: Citi Lowered BRP Price Target
• Neutral Sentiment: BRP declared a quarterly dividend of $0.25 per share, which supports shareholder returns but is not a major catalyst on its own. Article: BRP Announces Elections of Directors and Board Committee Composition
• Negative Sentiment: Stifel downgraded BRP from buy to hold, which can pressure sentiment even after the earnings beat. Article: Stifel Downgraded BRP
• Negative Sentiment: Management warned that U.S. tariff changes will create a significant profit hit, and the revised guidance already incorporates those added costs. Article: BRP Restores Financial Outlook, Expects Major Profit Hit Amid U.S. Tariff Changes

About BRP

BRP Inc, headquartered in Valcourt, Quebec, designs, manufactures and distributes powersports vehicles and propulsion systems for recreational and utility use. The company traces its roots to the Bombardier family and the early development of the snowmobile, and it operates as a global manufacturer of recreational vehicles and related technologies.

BRP’s product portfolio includes snowmobiles, personal watercraft and sport boats, off-road vehicles (including all-terrain and side-by-side models) and three‑wheel on‑road vehicles.