BRP Inc. (TSE:DOO) Receives Average Rating of “Hold” from Analysts

Shares of BRP Inc. (TSE:DOO) have been given a consensus recommendation of “Hold” by the fourteen brokerages that are covering the company, Marketbeat.com reports. Ten analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$96.00.

A number of equities analysts have recently issued reports on the stock. Citigroup lowered their target price on shares of BRP from C$110.00 to C$101.00 in a research report on Monday, September 9th. Cibc World Mkts downgraded shares of BRP from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th. National Bankshares lowered shares of BRP from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from C$109.00 to C$100.00 in a research note on Wednesday, August 21st. DA Davidson decreased their target price on shares of BRP from C$105.00 to C$96.00 and set a “buy” rating for the company in a research note on Tuesday, September 10th. Finally, Stifel Nicolaus dropped their price target on BRP from C$97.00 to C$82.00 in a research report on Monday, September 9th.

BRP Stock Performance

Shares of DOO stock opened at C$77.73 on Wednesday. The stock’s 50-day moving average is C$88.12 and its two-hundred day moving average is C$90.35. The company has a debt-to-equity ratio of 545.75, a quick ratio of 0.20 and a current ratio of 1.32. BRP has a 1 year low of C$77.34 and a 1 year high of C$105.27. The firm has a market cap of C$2.68 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 2.05 and a beta of 2.28.

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

BRP Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Friday, September 27th. BRP’s payout ratio is 25.45%.

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.