BRP (TSE:DOO) Given New C$113.00 Price Target at Royal Bank Of Canada

BRP (TSE:DOO) had its target price upped by Royal Bank Of Canada from C$107.00 to C$113.00 in a research note issued to investors on Friday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

DOO has been the topic of several other research reports. Stifel Nicolaus downgraded shares of BRP from a “buy” rating to a “hold” rating and lowered their price target for the company from C$92.00 to C$85.00 in a report on Friday. Scotia decreased their price objective 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. Raymond James Financial downgraded shares of BRP from a “strong-buy” rating to a “market perform” rating in a research report on Friday, April 24th. Ci Capital decreased their price objective on shares of BRP from C$128.00 to C$119.00 and set a “buy” rating on the stock in a research report on Friday, March 27th. Finally, BMO Capital Markets lifted their price target on shares of BRP from C$115.00 to C$120.00 and gave the company an “outperform” rating in a report on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$98.33.

BRP Trading Down 1.5%

BRP stock opened at C$79.70 on Friday. The business’s fifty day moving average is C$84.64 and its 200 day moving average is C$94.82. BRP has a one year low of C$53.60 and a one year high of C$112.26. The stock has a market capitalization of C$5.88 billion, a PE ratio of 20.18, a price-to-earnings-growth ratio of 2.05 and a beta of 1.03. The company has a debt-to-equity ratio of 419.45, a current ratio of 1.30 and a quick ratio of 0.20.

BRP (TSE:DOO) last posted its earnings results on Thursday, May 28th. The company reported C$1.83 earnings per share for the quarter. The company had revenue of C$2.39 billion for the quarter. BRP had a return on equity of 46.01% and a net margin of 3.01%. On average, sell-side analysts predict that BRP will post 6.890971 EPS for the current year.

BRP Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Friday, April 24th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, April 10th. BRP’s payout ratio is 21.77%.

More BRP News

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

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).