BRP Inc. (TSE:DOO) Receives C$103.93 Consensus PT from Analysts

BRP Inc. (TSE:DOO) has been given an average recommendation of “Moderate Buy” by the sixteen analysts that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$103.93.

A number of research firms have issued reports on DOO. Citigroup increased their price target on BRP from C$106.00 to C$110.00 and gave the company a “buy” rating in a research report on Tuesday, September 8th. Desjardins upped their target price on shares of BRP from C$97.00 to C$103.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Royal Bank Of Canada raised their target price on shares of BRP from C$107.00 to C$113.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Scotiabank raised their target price on shares of BRP from C$80.00 to C$83.00 and gave the company a “sector perform” rating in a report on Friday, May 29th. Finally, TD upgraded shares of BRP from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$92.00 to C$106.00 in a report on Wednesday, August 19th.

BRP Price Performance

BRP stock opened at C$81.34 on Wednesday. BRP has a twelve month low of C$67.11 and a twelve month high of C$112.26. The stock’s fifty day simple moving average is C$87.12 and its 200-day simple moving average is C$85.99. The company has a current ratio of 1.19, a quick ratio of 0.20 and a debt-to-equity ratio of 912.53. The firm has a market capitalization of C$5.79 billion, a P/E ratio of 53.87, a P/E/G ratio of 2.05 and a beta of 0.68.

BRP (TSE:DOO) last released its earnings results on Thursday, September 3rd. The company reported C($0.18) earnings per share (EPS) for the quarter. BRP had a net margin of 1.21% and a return on equity of 20.51%. The company had revenue of C$2.24 billion during the quarter. As a group, equities analysts expect that BRP will post 6.890971 earnings per share for the current fiscal year.

BRP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 13th. Investors of record on Tuesday, October 13th will be paid a dividend of $0.25 per share. The ex-dividend date is Tuesday, September 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.2%. BRP’s payout ratio is presently 61.59%.

BRP Company Profile

BRP Inc is a global leader in the world of powersports products and powertrains, built on over 80 years of ingenuity, innovation, and intensive consumer focus. Through its portfolio of industry-leading and distinctive brands featuring Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on- and off-road vehicles, Quintrex boats as well as Rotax engines for karts, recreational aircraft and jet boats, BRP unlocks exhilarating adventures and provides access to experiences across different playgrounds.