BRP (TSE:DOO) Price Target Raised to C$94.00 at Canadian Imperial Bank of Commerce

BRP (TSE:DOO) had its target price lifted by Canadian Imperial Bank of Commerce from C$90.00 to C$94.00 in a report released on Friday,BayStreet.CA reports. They currently have an outperformer rating on the stock.

DOO has been the topic of a number of other reports. Wells Fargo & Company lifted their price objective on BRP from C$105.00 to C$110.00 and gave the company an “overweight” rating in a report on Friday, March 27th. Royal Bank Of Canada boosted their target price on shares of BRP from C$107.00 to C$113.00 and gave the stock an “outperform” rating in a research note on Friday. Citigroup lowered 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. Raymond James Financial downgraded BRP from a “strong-buy” rating to a “market perform” rating in a report on Friday, April 24th. Finally, TD boosted their target price on BRP from C$84.00 to C$92.00 and gave the stock a “hold” rating in a research report on Friday. One 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$98.33.

BRP Stock Performance

Shares of DOO opened at C$79.70 on Friday. 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 company has a market capitalization of C$5.88 billion, a PE ratio of 20.18, a PEG ratio of 2.05 and a beta of 1.03. BRP has a 52 week low of C$53.60 and a 52 week high of C$112.26. The company’s 50 day moving average price is C$84.64 and its 200 day moving average price is C$94.82.

BRP (TSE:DOO) last issued its quarterly earnings data on Thursday, May 28th. The company reported C$1.83 earnings per share 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%. Research analysts expect that BRP will post 6.890971 EPS for the current fiscal year.

BRP Announces Dividend

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

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).