BRP Inc. (TSE:DOO) Given Consensus Rating of “Hold” by Brokerages

BRP Inc. (TSE:DOO) has been given an average rating of “Hold” by the fourteen ratings firms that are currently covering the company, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$95.46.

Several brokerages recently commented on DOO. Citigroup dropped their price objective on BRP from C$110.00 to C$101.00 in a research note on Monday, September 9th. Desjardins lowered BRP from a “moderate buy” rating to a “hold” rating in a research report on Sunday, September 8th. Cibc World Mkts cut BRP from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th. Scotiabank cut shares of BRP from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$103.00 to C$91.00 in a report on Monday, September 9th. Finally, DA Davidson cut their price objective on shares of BRP from C$105.00 to C$96.00 and set a “buy” rating on the stock in a research report on Tuesday, September 10th.

BRP Stock Performance

BRP stock opened at C$68.81 on Friday. BRP has a 1 year low of C$66.70 and a 1 year high of C$105.27. The company’s 50-day moving average is C$80.07 and its two-hundred day moving average is C$87.71. The company has a current ratio of 1.32, a quick ratio of 0.20 and a debt-to-equity ratio of 545.75. The company has a market cap of C$2.37 billion, a PE ratio of 20.85, a PEG ratio of 2.05 and a beta of 2.28.

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

BRP Announces Dividend

The company also recently announced 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 1.22%. The ex-dividend date of this dividend was Friday, September 27th. BRP’s payout ratio 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.