Scotiabank Issues Positive Forecast for BRP (TSE:DOO) Stock Price

BRP (TSE:DOO) had its price target upped by Scotiabank from C$80.00 to C$83.00 in a research note published on Friday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other analysts have also commented on the stock. Royal Bank Of Canada reduced their price target on shares of 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. Ci Capital reduced their target price on 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. BMO Capital Markets increased their price target on BRP from C$115.00 to C$120.00 and gave the stock an “outperform” rating in a report on Friday, March 27th. Raymond James Financial downgraded BRP from a “strong-buy” rating to a “market perform” rating in a research report on Friday, April 24th. Finally, Canaccord Genuity Group lowered shares of BRP from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$118.00 to C$90.00 in a report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, BRP currently has a consensus rating of “Moderate Buy” and a consensus target price of C$98.33.

BRP Stock Down 1.5%

Shares of DOO opened at C$79.70 on Friday. BRP has a 52-week low of C$53.60 and a 52-week high of C$112.26. 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 fifty day simple moving average of C$84.64 and a two-hundred day simple moving average of C$94.82. The company 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.

BRP (TSE:DOO) last announced its quarterly earnings data on Thursday, May 28th. The company reported C$1.83 earnings per share (EPS) for the quarter. BRP had a net margin of 3.01% and a return on equity of 46.01%. The firm had revenue of C$2.39 billion during the quarter. As a group, equities analysts forecast that BRP will post 6.890971 EPS for the current year.

BRP Announces Dividend

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

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).