BRP Inc. (TSE:DOO) Receives C$105.23 Consensus Price Target from Analysts

Shares of BRP Inc. (TSE:DOO) have been assigned an average rating of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$105.23.

Several research analysts have recently weighed in on the stock. TD Securities upped their target price on shares of BRP from C$95.00 to C$100.00 in a research note on Monday, April 1st. Scotiabank decreased their target price on shares of 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. Stifel Nicolaus upped their target price on shares of BRP from C$100.00 to C$112.00 in a research note on Monday, April 1st. CIBC upped their target price on shares of BRP from C$106.00 to C$110.00 in a research note on Monday, April 1st. Finally, Desjardins decreased their target price on shares of BRP from C$117.00 to C$112.00 and set a “buy” rating for the company in a research note on Monday, March 25th.

BRP Trading Down 0.5 %

Shares of DOO stock opened at C$93.95 on Wednesday. The firm has a market cap of C$3.29 billion, a P/E ratio of 8.15, a PEG ratio of 1.94 and a beta of 2.41. BRP has a 1-year low of C$77.42 and a 1-year high of C$122.41. 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 firm’s 50-day simple moving average is C$91.11 and its 200-day simple moving average is C$92.44.

BRP (TSE:DOO) last posted its quarterly earnings results on Thursday, March 28th. The company reported C$2.46 EPS for the quarter, missing the consensus estimate of C$2.63 by C($0.17). BRP had a net margin of 8.56% and a return on equity of 210.20%. The business had revenue of C$2.69 billion during the quarter, compared to analysts’ expectations of C$2.79 billion. As a group, equities analysts forecast that BRP will post 10.0451745 EPS for the current year.

BRP Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 8th were paid a dividend of $0.21 per share. This is a boost from BRP’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, April 5th. This represents a $0.84 annualized dividend and a yield of 0.89%. BRP’s dividend payout ratio (DPR) 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.