BRP Inc. (TSE:DOO) Receives C$96.00 Average Target Price from Brokerages

Shares of BRP Inc. (TSE:DOO) have earned an average rating of “Hold” from the fourteen analysts that are presently covering the firm, Marketbeat.com reports. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$96.00.

Several analysts have recently issued reports on the stock. 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 stock in a research report on Monday, June 3rd. National Bankshares cut shares of BRP from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$109.00 to C$100.00 in a report on Wednesday, August 21st. Desjardins lowered BRP from a “moderate buy” rating to a “hold” rating in a report on Sunday, September 8th. CIBC cut BRP from an “outperform” rating to a “neutral” rating and reduced their price target for the company from C$100.00 to C$92.00 in a research report on Monday, September 9th. Finally, Citigroup dropped their price objective on BRP from C$110.00 to C$101.00 in a report on Monday, September 9th.

BRP Stock Performance

TSE:DOO opened at C$82.00 on Friday. The company has a market capitalization of C$2.83 billion, a P/E ratio of 24.85, a P/E/G ratio of 2.05 and a beta of 2.33. The business has a fifty day simple moving average of C$91.93 and a two-hundred day simple moving average of C$90.91. The company has a debt-to-equity ratio of 545.75, a current ratio of 1.32 and a quick ratio of 0.20. BRP has a 1 year low of C$77.42 and a 1 year high of C$108.01.

BRP (TSE:DOO) last announced its quarterly earnings data on Friday, September 6th. The company reported C$0.61 earnings per share for the quarter, topping the consensus estimate of C$0.30 by C$0.31. BRP had a return on equity of 37.60% and a net margin of 2.77%. The company had revenue of C$1.84 billion during the quarter, compared to analyst estimates of C$1.85 billion. On average, analysts expect that BRP will post 5.7454423 earnings per share for the current year.

BRP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Friday, September 27th. BRP’s dividend payout ratio (DPR) is 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.