BRP Inc. (TSE:DOO) Given Average Rating of “Hold” by Analysts

Shares of BRP Inc. (TSE:DOO) have been assigned an average recommendation of “Hold” from the thirteen brokerages that are presently covering the firm, MarketBeat reports. Eleven equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$70.00.

DOO has been the topic of a number of recent research reports. BMO Capital Markets cut their target price on BRP from C$100.00 to C$70.00 in a research note on Thursday, March 27th. Citigroup upgraded shares of BRP from a “sell” rating to a “neutral” rating and lifted their price objective for the company from C$39.00 to C$52.00 in a research report on Friday, April 4th. UBS Group dropped their price target on shares of BRP from C$64.00 to C$50.00 in a research note on Wednesday, April 23rd. CIBC cut their price target on BRP from C$82.00 to C$64.00 in a report on Thursday, March 27th. Finally, Royal Bank of Canada decreased their price objective on BRP from C$99.00 to C$69.00 in a report on Friday, March 28th.

BRP Stock Up 1.0 %

TSE:DOO opened at C$49.66 on Friday. The company has a current ratio of 1.37, a quick ratio of 0.20 and a debt-to-equity ratio of 573.79. The stock has a 50 day moving average of C$50.69 and a 200-day moving average of C$62.66. The firm has a market capitalization of C$3.65 billion, a PE ratio of 18.72, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. BRP has a 52 week low of C$43.88 and a 52 week high of C$102.16.

BRP Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, April 18th were paid a dividend of $0.215 per share. The ex-dividend date was Friday, April 4th. This is a positive change from BRP’s previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a dividend yield of 1.73%. BRP’s dividend payout ratio (DPR) is currently 31.66%.

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.