BRP (TSE:DOO – Get Free Report) was downgraded by equities research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued Wednesday, BayStreet.CA reports. They currently have a price target of C$97.00 on the stock, down from their previous price target of C$106.00. Stifel Nicolaus’ price target represents a potential upside of 5.75% from the company’s previous close.

A number of other analysts have also commented on the stock recently. CIBC lowered their price target on shares of BRP from C$110.00 to C$100.00 and set an “outperform” rating on the stock in a research note on Monday, June 3rd. National Bankshares lowered BRP from an “outperform” rating to a “sector perform” rating and lowered their price target on shares of BRP from C$109.00 to C$100.00 in a report on Wednesday. TD Securities lowered their price target on shares of BRP from C$100.00 to C$98.00 and set a “hold” rating on the company in a research note on Monday, June 3rd. Raymond James lowered their price target on shares of BRP from C$108.00 to C$100.00 in a research note on Monday, June 3rd. Finally, Scotiabank lowered their price objective on shares of BRP from C$105.00 to C$103.00 and set a “sector perform” rating for the stock in a research report on Monday, June 3rd. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, BRP currently has an average rating of “Hold” and an average price objective of C$101.92.

Check out our latest analysis on DOO

GRP trade down 1.2%

Shares of TSE:DOO opened at C$91.73 on Wednesday. The company has a market cap of C$3.27 billion, a price/earnings ratio of 12.31, a price/earnings/growth ratio of 2.05 and a beta of 2.33. The company’s 50-day simple moving average is C$91.62 and its 200-day simple moving average is C$91.24. BRP has a 1-year low of C$77.42 and a 1-year high of C$109.96. The company has a debt-to-equity ratio of 461.35, a current ratio of 1.35 and a quick ratio of 0.20.

BRP (TSE:DOO – Get Free Report) last released its earnings results on Friday, May 31. The company reported C$0.95 EPS for the quarter, topping analysts’ consensus estimates of C$0.88 by C$0.07. The company had revenue of C$2.03 billion during the quarter, compared to analysts’ expectations of C$2.02 billion. BRP had a net margin of 5.83% and a return on equity of 94.59%. On average, analysts expect BRP to post 9.1208251 EPS for the current fiscal year.

About BRP

(Get free report)

BRP Inc., together with its subsidiaries, designs, engineers, manufactures, distributes and sells powersports vehicles and marine products in the United States, Canada, Europe, 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-wheel vehicles; and seasonal products including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercraft and pontoons, Rotax engines for karts and recreational aircraft, and Pinion transmissions with smart shifting systems.

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