BRP (TSE:DOO) Price Target Raised to C$84.00 at National Bank Financial

BRP (TSE:DOO) had its price target hoisted by National Bank Financial from C$80.00 to C$84.00 in a research report released on Friday,BayStreet.CA reports. National Bank Financial currently has a sector perform rating on the stock.

DOO has been the topic of several other research reports. Canadian Imperial Bank of Commerce increased their price target on shares of BRP from C$90.00 to C$94.00 and gave the stock an “outperformer” rating in a report on Friday. Stifel Nicolaus lowered BRP from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$92.00 to C$85.00 in a report on Friday. Scotia dropped 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 note on Thursday, April 16th. Citigroup cut their price target on shares of BRP from C$75.00 to C$74.00 and set a “buy” rating for the company in a report on Friday. Finally, Royal Bank Of Canada upped their price objective on shares of BRP from C$107.00 to C$113.00 and gave the stock an “outperform” rating in a research report on Friday. One investment 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$98.33.

BRP Price Performance

TSE DOO opened at C$79.70 on Friday. The company has a market cap of C$5.88 billion, a PE ratio of 20.18, a P/E/G 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. 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.

BRP (TSE:DOO) last announced its earnings results on Thursday, May 28th. The company reported C$1.83 EPS for the quarter. The business had revenue of C$2.39 billion during the quarter. BRP had a net margin of 3.01% and a return on equity of 46.01%. Sell-side analysts forecast that BRP will post 6.890971 EPS for the current fiscal year.

BRP Dividend Announcement

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

Key Stories 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

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).