BRP (TSE:DOO) Downgraded to Hold Rating by Stifel Nicolaus

Stifel Nicolaus cut shares of BRP (TSE:DOO) from a buy rating to a hold rating in a report published on Friday morning,BayStreet.CA reports. The firm currently has C$85.00 price target on the stock, down from their previous price target of C$92.00.

Other equities analysts have also issued reports about the stock. Canadian Imperial Bank of Commerce dropped their price objective on shares of BRP from C$118.00 to C$90.00 and set an “outperformer” rating on the stock in a research report on Thursday, May 21st. Canaccord Genuity Group cut BRP from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$118.00 to C$90.00 in a research report on Wednesday, April 15th. Desjardins dropped their target price on shares of BRP from C$138.00 to C$97.00 and set a “buy” rating for the company in a research report on Thursday, April 16th. Scotia reduced their price target on shares of BRP from C$117.00 to C$80.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 16th. Finally, National Bank Financial cut shares of BRP from an “outperform” rating to a “hold” rating and decreased their price objective for the company from C$125.00 to C$80.00 in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, BRP has an average rating of “Moderate Buy” and a consensus price target of C$98.33.

BRP Trading Down 1.5%

TSE DOO opened at C$79.70 on Friday. The stock’s 50 day moving average price is C$84.64 and its two-hundred day moving average price is C$94.82. The company has a debt-to-equity ratio of 419.45, a quick ratio of 0.20 and a current ratio of 1.30. BRP has a 52 week low of C$53.60 and a 52 week high of C$112.26. The stock has a market capitalization of C$5.88 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 2.05 and a beta of 1.03.

BRP (TSE:DOO) last announced its quarterly earnings data on Thursday, May 28th. The company reported C$1.83 earnings per share for the quarter. BRP had a return on equity of 46.01% and a net margin of 3.01%.The company had revenue of C$2.39 billion during the quarter. As a group, analysts anticipate that BRP will post 6.890971 earnings per share for the current fiscal year.

BRP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 24th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, April 10th. BRP’s payout ratio is 21.77%.

Trending Headlines about BRP

Here are the key news stories impacting BRP this week:

• Positive Sentiment: Royal Bank of Canada raised its price target on BRP and kept an outperform rating, indicating the strongest upside view among the updates. Article
• Positive Sentiment: Canadian Imperial Bank of Commerce and TD both increased their price targets, with CIBC maintaining an outperformer rating and TD staying at hold but lifting its target meaningfully. Article
• Positive Sentiment: Scotiabank and National Bank Financial also raised their targets, signaling continued analyst support even though both kept more neutral sector perform views. Article
• Neutral Sentiment: BRP reported fiscal Q1 2027 results with EPS of C$1.83 on revenue of C$2.39 billion, details that investors are likely weighing against management and analyst expectations. Article
• Negative Sentiment: Stifel Nicolaus downgraded BRP from buy to hold, and Citigroup trimmed its price target, which may be weighing on sentiment despite the broader cluster of target increases. Article
• Negative Sentiment: The shares crossing below the 200-day moving average points to weakening technical momentum, which can prompt additional selling from trend-focused investors. Article

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).