BRP (TSE:DOO) PT Lowered to C$112.00

BRP (TSE:DOO) had its price objective reduced by Desjardins from C$117.00 to C$112.00 in a research note issued to investors on Monday morning, BayStreet.CA reports. Desjardins currently has a buy rating on the stock. Desjardins also issued estimates for BRP’s FY2025 earnings at $8.46 EPS and FY2026 earnings at $9.72 EPS.

Other equities analysts also recently issued reports about the company. CIBC dropped their price target on BRP from C$138.00 to C$106.00 and set an outperform rating on the stock in a research note on Friday, December 1st. Citigroup dropped their price target on BRP from C$128.00 to C$100.00 and set a buy rating on the stock in a research note on Friday, December 1st. Royal Bank of Canada dropped their price target on BRP from C$147.00 to C$110.00 and set an outperform rating on the stock in a research note on Friday, December 1st. UBS Group downgraded BRP from a buy rating to a neutral rating and dropped their price target for the stock from C$190.00 to C$89.00 in a research note on Monday, December 4th. Finally, National Bankshares dropped their price target on BRP from C$107.00 to C$105.00 and set an outperform rating on the stock in a research note on Tuesday, March 19th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of C$104.62.

BRP Stock Up 5.4 %

BRP stock opened at C$90.95 on Monday. The firm has a market cap of C$3.19 billion, a price-to-earnings ratio of 7.89, a PEG ratio of 1.94 and a beta of 2.41. BRP has a 12 month low of C$77.42 and a 12 month high of C$122.41. The company has a current ratio of 1.40, a quick ratio of 0.20 and a debt-to-equity ratio of 438.99. The stock has a fifty day simple moving average of C$88.11 and a two-hundred day simple moving average of C$93.15.

BRP Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Monday, April 22nd will be given a $0.21 dividend. This is an increase from BRP’s previous quarterly dividend of $0.18. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Friday, April 5th. BRP’s payout ratio is currently 6.24%.

BRP Company Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in North America, Europe, Australia, New Zealand, and Latin America. The company operates through two segments, Powersports and Marine. The Powersports segment offers year-round products, such as Can-Am ATVs, SSVs, and 3WVs; seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo PWCs and pontoons, and Rotax engines for karts and recreational aircraft.