National Bankshares Has Lowered Expectations for BRP (TSE:DOO) Stock Price

BRP (TSE:DOO) had its target price reduced by equities research analysts at National Bankshares from C$93.00 to C$84.00 in a research report issued on Thursday,BayStreet.CA reports. National Bankshares’ price objective would suggest a potential upside of 23.89% from the company’s previous close.

A number of other brokerages have also recently commented on DOO. Royal Bank of Canada dropped their price objective on shares of BRP from C$108.00 to C$99.00 in a research note on Monday, September 9th. Citigroup decreased their target price on BRP from C$110.00 to C$101.00 in a research report on Monday, September 9th. CIBC lowered BRP from an “outperform” rating to a “neutral” rating and decreased their target price for the company from C$100.00 to C$92.00 in a research report on Monday, September 9th. Desjardins lowered BRP from a “moderate buy” rating to a “hold” rating in a research report on Sunday, September 8th. Finally, National Bank Financial lowered BRP from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, BRP currently has an average rating of “Hold” and an average target price of C$94.77.

BRP Price Performance

Shares of TSE:DOO opened at C$67.80 on Thursday. The company has a market cap of C$2.34 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. BRP has a twelve month low of C$65.32 and a twelve month high of C$102.46. The company’s 50 day moving average is C$75.45 and its 200 day moving average is C$85.99. The company has a current ratio of 1.32, a quick ratio of 0.20 and a debt-to-equity ratio of 545.75.

BRP (TSE:DOO) last issued its quarterly earnings data on Friday, September 6th. The company reported C$0.61 EPS for the quarter, topping analysts’ consensus estimates of C$0.30 by C$0.31. The business had revenue of C$1.84 billion for the quarter, compared to analysts’ expectations of C$1.85 billion. BRP had a net margin of 2.77% and a return on equity of 37.60%. On average, sell-side analysts forecast that BRP will post 6.890971 EPS 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.