BRP Inc. (TSE:DOO) Given Consensus Recommendation of “Moderate Buy” by Analysts

BRP Inc. (TSE:DOO) has received a consensus rating of “Moderate Buy” from the sixteen ratings firms that are covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$98.73.

DOO has been the subject of a number of recent analyst reports. Ci Capital decreased their price target on BRP from C$128.00 to C$119.00 and set a “buy” rating for the company in a research report on Friday, March 27th. Raymond James Financial downgraded BRP from a “strong-buy” rating to a “market perform” rating in a report on Friday, April 24th. BMO Capital Markets raised their target price on shares of BRP from C$115.00 to C$120.00 and gave the stock an “outperform” rating in a report on Friday, March 27th. Royal Bank Of Canada raised their target price on shares of BRP from C$107.00 to C$113.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Finally, Citigroup dropped their target price on shares of BRP from C$75.00 to C$74.00 and set a “buy” rating on the stock in a research report on Friday, May 29th.

BRP Price Performance

Shares of TSE:DOO opened at C$84.24 on Friday. The company has a market capitalization of C$6.18 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 2.05 and a beta of 0.83. The company has a debt-to-equity ratio of 419.45, a quick ratio of 0.20 and a current ratio of 1.30. The stock has a fifty day moving average of C$81.07 and a 200-day moving average of C$92.50. BRP has a one year low of C$65.26 and a one year high of C$112.26.

BRP (TSE:DOO) last issued its earnings results on Thursday, May 28th. The company reported C$1.83 earnings per share (EPS) for the quarter. The business had revenue of C$2.39 billion for the quarter. BRP had a return on equity of 46.01% and a net margin of 3.01%. As a group, equities analysts anticipate that BRP will post 6.890971 EPS for the current fiscal year.

BRP Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Friday, April 24th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.00 dividend on an annualized basis and a yield of 1.2%. BRP’s dividend payout ratio (DPR) is currently 24.45%.

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).