BRP (TSE:DOO) Given New C$92.00 Price Target at TD

BRP (TSE:DOO) had its price target raised by TD from C$84.00 to C$92.00 in a report released on Friday,BayStreet.CA reports. They currently have a hold rating on the stock.

Other equities analysts also recently issued research reports about the stock. Citigroup lowered their price target on shares of BRP from C$119.00 to C$102.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Royal Bank Of Canada lowered their price objective on BRP from C$124.00 to C$107.00 and set an “outperform” rating on the stock in a research report on Monday, April 20th. Canaccord Genuity Group downgraded BRP from a “buy” rating to a “hold” rating and decreased their target price for the company from C$118.00 to C$90.00 in a research note on Wednesday, April 15th. National Bank Financial cut BRP from an “outperform” rating to a “hold” rating and lowered their price target for the stock from C$125.00 to C$80.00 in a report on Wednesday, April 15th. Finally, Desjardins cut their price objective on shares of BRP from C$138.00 to C$97.00 and set a “buy” rating for the company in a report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$98.33.

BRP Price Performance

Shares of TSE:DOO opened at C$79.70 on Friday. The company has a quick ratio of 0.20, a current ratio of 1.30 and a debt-to-equity ratio of 419.45. 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 firm’s 50 day moving average price is C$84.64 and its 200-day moving average price is C$94.82. BRP has a twelve month low of C$53.60 and a twelve month high of C$112.26.

BRP (TSE:DOO) last released its quarterly earnings results on Thursday, May 28th. The company reported C$1.83 earnings per share for the quarter. BRP had a net margin of 3.01% and a return on equity of 46.01%. The business had revenue of C$2.39 billion for the quarter. Equities research analysts expect that BRP will post 6.890971 EPS for the current year.

BRP Dividend Announcement

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

Key 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).