Canaccord Genuity Group Issues Pessimistic Forecast for BRP (TSE:DOO) Stock Price

BRP (TSE:DOO) had its target price lowered by research analysts at Canaccord Genuity Group from C$88.00 to C$80.00 in a report issued on Wednesday,BayStreet.CA reports. Canaccord Genuity Group’s price objective indicates a potential upside of 16.45% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Scotiabank downgraded BRP from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$103.00 to C$91.00 in a research note on Monday, September 9th. Citigroup cut their price target on BRP from C$110.00 to C$101.00 in a report on Monday, September 9th. Cibc World Mkts downgraded shares of BRP from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th. Royal Bank of Canada lowered their price objective on shares of BRP from C$108.00 to C$99.00 in a research note on Monday, September 9th. Finally, Stifel Nicolaus cut their price objective on shares of BRP from C$97.00 to C$82.00 in a research report on Monday, September 9th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$92.69.

BRP Trading Up 2.5 %

Shares of BRP stock traded up C$1.70 during midday trading on Wednesday, reaching C$68.70. The company had a trading volume of 136,957 shares, compared to its average volume of 222,233. The firm has a market cap of C$2.37 billion, a PE ratio of 20.81, a P/E/G ratio of 2.05 and a beta of 2.28. The stock has a fifty day moving average price of C$74.63 and a 200 day moving average price of C$85.46. The company has a debt-to-equity ratio of 545.75, a current ratio of 1.32 and a quick ratio of 0.20. BRP has a fifty-two week low of C$65.32 and a fifty-two week high of C$102.46.

BRP (TSE:DOO) last posted its quarterly earnings data on Friday, September 6th. The company reported C$0.61 EPS for the quarter, beating analysts’ consensus estimates of C$0.30 by C$0.31. BRP had a net margin of 2.77% and a return on equity of 37.60%. The company had revenue of C$1.84 billion for the quarter, compared to analyst estimates of C$1.85 billion. On average, equities analysts anticipate that BRP will post 6.890971 earnings per share for the current year.

BRP Company Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.