Citigroup Cuts BRP (TSE:DOO) Price Target to C$119.00

BRP (TSE:DOO) had its price objective decreased by Citigroup from C$128.00 to C$119.00 in a report issued on Monday morning,BayStreet.CA reports.

Several other analysts have also weighed in on the company. TD Securities boosted their price objective on BRP from C$106.00 to C$119.00 and gave the company a “buy” rating in a report on Friday, December 5th. Canaccord Genuity Group increased their target price on BRP from C$116.00 to C$118.00 in a report on Friday, December 5th. BMO Capital Markets lifted their target price on BRP from C$115.00 to C$120.00 and gave the stock an “outperform” rating in a research report on Friday, March 27th. Ci Capital lowered their price target on BRP from C$128.00 to C$119.00 and set a “buy” rating for the company in a report on Friday, March 27th. Finally, National Bank Financial raised BRP from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$105.00 to C$125.00 in a research report on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$115.14.

BRP Trading Up 1.1%

DOO opened at C$101.14 on Monday. The stock has a market capitalization of C$7.40 billion, a PE ratio of 21.80, a P/E/G ratio of 2.05 and a beta of 1.15. The firm’s fifty day moving average price is C$99.91 and its 200 day moving average price is C$96.78. The company has a debt-to-equity ratio of 443.59, a current ratio of 1.27 and a quick ratio of 0.20. BRP has a 12-month low of C$43.88 and a 12-month high of C$112.26.

BRP (TSE:DOO) last released its earnings results on Thursday, March 26th. The company reported C$2.21 earnings per share for the quarter. The company had revenue of C$2.46 billion during the quarter. BRP had a net margin of 3.45% and a return on equity of 54.95%. As a group, research analysts expect that BRP will post 6.890971 EPS for the current fiscal year.

BRP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, April 24th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, April 10th. This represents a $1.00 annualized dividend and a yield of 1.0%. BRP’s dividend payout ratio is 18.53%.

BRP Company Profile

BRP designs, develops, manufactures, distributes, and markets snowmobiles, all-terrain vehicles, and personal watercraft under the Ski-Doo, Sea-Doo, Can-Am, and Lynx brand names. It also builds engines under the Rotax brand (after discontinuing the Evinrude outboard engine business in 2020) and offers clothing, parts, and accessories that cater to its core consumers. In 2018, BRP created a marine group, acquiring boat manufacturers Alumacraft, Triton (which makes Manitou pontoon boats), and Telwater (in Australia).