Brokerages Set BRP Inc. (TSE:DOO) Target Price at C$105.23

BRP Inc. (TSE:DOO) has received an average rating of “Moderate Buy” from the twelve brokerages that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$105.23.

DOO has been the subject of a number of recent research reports. Scotiabank reduced their price objective on BRP from C$109.00 to C$105.00 and set an “outperform” rating for the company in a research note on Tuesday, March 26th. National Bankshares lifted their price objective on BRP from C$105.00 to C$112.00 in a research note on Monday, April 1st. Stifel Nicolaus raised their target price on BRP from C$100.00 to C$112.00 in a research report on Monday, April 1st. CIBC raised their target price on BRP from C$106.00 to C$110.00 in a research report on Monday, April 1st. Finally, Desjardins dropped their target price on BRP from C$117.00 to C$112.00 and set a “buy” rating on the stock in a research report on Monday, March 25th.

BRP Stock Performance

Shares of DOO stock opened at C$93.95 on Wednesday. The firm has a market capitalization of C$3.29 billion, a price-to-earnings ratio of 8.15, a price-to-earnings-growth ratio of 1.94 and a beta of 2.41. The company has a debt-to-equity ratio of 438.99, a current ratio of 1.40 and a quick ratio of 0.20. The business has a fifty day moving average of C$91.11 and a 200 day moving average of C$92.24. BRP has a 1 year low of C$77.42 and a 1 year high of C$122.41.

BRP (TSE:DOO) last released its quarterly earnings data on Thursday, March 28th. The company reported C$2.46 earnings per share for the quarter, missing analysts’ consensus estimates of C$2.63 by C($0.17). The company had revenue of C$2.69 billion for the quarter, compared to analysts’ expectations of C$2.79 billion. BRP had a net margin of 8.56% and a return on equity of 210.20%. As a group, research analysts expect that BRP will post 10.0451745 earnings per share for the current year.

BRP Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 8th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 0.89%. This is a boost from BRP’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, April 5th. BRP’s payout ratio is presently 6.24%.

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.