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

BRP (TSE:DOO) had its price target trimmed by Citigroup from C$75.00 to C$74.00 in a report published on Friday,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other analysts also recently commented on the company. Ci Capital reduced their price objective on BRP from C$128.00 to C$119.00 and set a “buy” rating for the company in a research note on Friday, March 27th. Canaccord Genuity Group lowered shares of BRP from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$118.00 to C$90.00 in a research report on Wednesday, April 15th. Raymond James Financial cut BRP from a “strong-buy” rating to a “market perform” rating in a report on Friday, April 24th. TD increased their price objective on BRP from C$84.00 to C$92.00 and gave the company a “hold” rating in a research note on Friday. Finally, TD Securities cut BRP from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$98.33.

BRP Trading Down 1.5%

TSE DOO opened at C$79.70 on Friday. BRP has a one year low of C$53.60 and a one year high of C$112.26. The firm has a market cap 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. The company has a debt-to-equity ratio of 419.45, a quick ratio of 0.20 and a current ratio of 1.30. The firm has a 50 day simple moving average of C$84.64 and a 200-day simple moving average of C$94.82.

BRP (TSE:DOO) last posted its quarterly earnings results 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 for the quarter. Equities research analysts anticipate that BRP will post 6.890971 EPS for the current fiscal year.

BRP Dividend Announcement

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

Key Headlines Impacting 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).