Stifel Nicolaus Has Lowered Expectations for BRP (TSE:DOO) Stock Price

BRP (TSE:DOO) had its price target reduced by research analysts at Stifel Nicolaus from C$82.00 to C$78.00 in a research note issued on Monday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 4.01% from the stock’s current price.

Several other analysts also recently weighed in on DOO. CIBC downgraded shares of BRP from an “outperform” rating to a “neutral” rating and cut their price objective for the company from C$100.00 to C$92.00 in a research report on Monday, September 9th. Raymond James reduced their price objective on shares of BRP from C$100.00 to C$98.00 in a research report on Monday. DA Davidson reduced their price objective on shares of BRP from C$105.00 to C$96.00 and set a “buy” rating for the company in a research report on Tuesday, September 10th. Scotiabank downgraded shares of BRP from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$103.00 to C$91.00 in a research report on Monday, September 9th. Finally, Royal Bank of Canada lowered their price objective on shares of BRP from C$108.00 to C$99.00 in a research report on Monday, September 9th. Nine investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, BRP has an average rating of “Hold” and an average target price of C$90.50.

BRP Trading Up 3.1 %

Shares of BRP stock traded up C$2.24 during trading hours on Monday, reaching C$74.99. The stock had a trading volume of 146,601 shares, compared to its average volume of 222,060. The firm has a 50 day simple moving average of C$72.44 and a two-hundred day simple moving average of C$83.99. BRP has a 1 year low of C$65.32 and a 1 year high of C$102.46. The company has a current ratio of 1.32, a quick ratio of 0.20 and a debt-to-equity ratio of 545.75. The firm has a market capitalization of C$2.59 billion, a price-to-earnings ratio of 22.72, a P/E/G ratio of 2.05 and a beta of 2.28.

BRP (TSE:DOO) last announced its earnings results on Friday, September 6th. The company reported C$0.61 EPS for the quarter, beating the consensus estimate of C$0.30 by C$0.31. The business had revenue of C$1.84 billion for the quarter, compared to the consensus estimate of C$1.85 billion. BRP had a return on equity of 37.60% and a net margin of 2.77%. As a group, equities research analysts anticipate that BRP will post 6.890971 earnings per share for the current year.

About BRP

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.