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

BRP (TSE:DOO) had its price objective raised by Canadian Imperial Bank of Commerce from C$90.00 to C$94.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has an “outperformer” rating on the stock. Canadian Imperial Bank of Commerce’s price target points to a potential upside of 19.20% from the stock’s previous close.

Several other research firms also recently weighed in on DOO. Scotia reduced their price objective on shares of BRP from C$117.00 to C$80.00 and set a “sector perform” rating for the company in a report on Thursday, April 16th. TD Securities downgraded shares of BRP from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. 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 report on Friday. Citigroup reduced their price objective 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, Ci Capital dropped their price target on shares of 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. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$98.33.

BRP Price Performance

DOO stock traded down C$2.07 during trading on Friday, hitting C$78.86. The company had a trading volume of 160,259 shares, compared to its average volume of 296,492. The firm has a market capitalization of C$5.81 billion, a price-to-earnings ratio of 19.96, a P/E/G ratio of 2.05 and a beta of 1.03. The business has a 50 day moving average of C$84.75 and a 200 day moving average of C$94.93. BRP has a fifty-two week low of C$53.60 and a fifty-two week high of C$112.26. The company has a current ratio of 1.27, a quick ratio of 0.20 and a debt-to-equity ratio of 443.59.

BRP (TSE:DOO) last posted 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 3.45% and a return on equity of 54.95%. As a group, research analysts predict that BRP will post 6.890971 earnings per share for the current year.

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).