Canaccord Genuity Reaffirms Their Hold Rating on BRP (DOOO)

In a report released yesterday, Luke Hannan from Canaccord Genuity maintained a Hold rating on BRP (DOOO – Research Report), with a price target of C$60.00.

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According to TipRanks, Hannan is a 4-star analyst with an average return of 10.5% and a 45.67% success rate. Hannan covers the Consumer Cyclical sector, focusing on stocks such as BRP, AutoCanada, and Spin Master.

In addition to Canaccord Genuity, BRP also received a Hold from Citi’s James Hardiman in a report issued yesterday. However, on the same day, Stifel Nicolaus upgraded BRP (NASDAQ: DOOO) to a Buy.

Based on BRP’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $2.1 billion and a GAAP net loss of $219.2 million. In comparison, last year the company earned a revenue of $2.69 billion and had a net profit of $188.5 million