National Bankshares Lowers BRP (TSE:DOO) Price Target to C$84.00

BRP (TSE:DOO) had its price target cut by National Bankshares from C$93.00 to C$84.00 in a research note published on Thursday,BayStreet.CA reports.

DOO has been the topic of several other reports. Citigroup dropped their price objective on shares of BRP from C$110.00 to C$101.00 in a research report on Monday, September 9th. Stifel Nicolaus cut their price objective on shares of BRP from C$97.00 to C$82.00 in a research report on Monday, September 9th. Scotiabank downgraded BRP from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from C$103.00 to C$91.00 in a research report on Monday, September 9th. Cibc World Mkts cut BRP from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th. Finally, Royal Bank of Canada decreased their price objective on BRP from C$108.00 to C$99.00 in a report on Monday, September 9th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$94.77.

BRP Trading Up 0.3 %

BRP stock opened at C$67.80 on Thursday. The stock has a 50-day simple moving average of C$75.21 and a 200 day simple moving average of C$85.81. The stock has a market capitalization of C$2.34 billion, a P/E ratio of 20.55, a PEG ratio of 2.05 and a beta of 2.28. 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 52 week low of C$65.32 and a 52 week high of C$102.46.

BRP (TSE:DOO) last issued its earnings results on Friday, September 6th. The company reported C$0.61 EPS for the quarter, topping the consensus estimate 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 return on equity of 37.60% and a net margin of 2.77%. Analysts expect that BRP will post 6.890971 earnings per share for the current year.

BRP Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.24%. The ex-dividend date was Friday, September 27th. BRP’s dividend payout ratio (DPR) is currently 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.