BRP Inc. (TSE:DOO) Receives C$95.46 Average PT from Analysts

Shares of BRP Inc. (TSE:DOO) have earned a consensus rating of “Hold” from the fourteen research firms that are presently covering the firm, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$95.46.

Several research analysts have recently weighed in on DOO shares. CIBC downgraded shares of BRP from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from C$100.00 to C$92.00 in a research report on Monday, September 9th. Stifel Nicolaus dropped their target price on BRP from C$97.00 to C$82.00 in a report on Monday, September 9th. Citigroup dropped their price objective on shares of BRP from C$110.00 to C$101.00 in a research note on Monday, September 9th. Scotiabank downgraded BRP from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$103.00 to C$91.00 in a research note on Monday, September 9th. Finally, Cibc World Mkts downgraded BRP from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th.

BRP Trading Down 1.7 %

Shares of BRP stock opened at C$67.14 on Friday. The business has a fifty day simple moving average of C$79.60 and a 200-day simple moving average of C$87.58. BRP has a fifty-two week low of C$66.70 and a fifty-two week high of C$105.27. The firm has a market cap of C$2.31 billion, a price-to-earnings ratio of 20.48, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. The company has a quick ratio of 0.20, a current ratio of 1.32 and a debt-to-equity ratio of 545.75.

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

BRP Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Friday, September 27th. BRP’s dividend payout ratio is currently 25.45%.

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.