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

Shares of BRP Inc. (TSE:DOO) have received an average rating of “Moderate Buy” from the sixteen brokerages that are covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$105.20.

A number of brokerages have recently issued reports on DOO. Seaport Research Partners downgraded BRP from a “buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Raymond James Financial downgraded BRP from a “strong-buy” rating to a “market perform” rating in a research report on Friday, April 24th. TD downgraded BRP from a “buy” rating to a “hold” rating and dropped their price target for the company from C$119.00 to C$84.00 in a research report on Wednesday, April 15th. National Bank Financial downgraded BRP from an “outperform” rating to a “hold” rating and dropped their price target for the company from C$125.00 to C$80.00 in a research report on Wednesday, April 15th. Finally, Canaccord Genuity Group downgraded BRP from a “buy” rating to a “hold” rating and dropped their price target for the company from C$118.00 to C$90.00 in a research report on Wednesday, April 15th.

BRP Stock Up 1.3%

Shares of TSE DOO opened at C$75.40 on Thursday. The company has a market cap of C$5.56 billion, a P/E ratio of 19.09, a P/E/G ratio of 2.05 and a beta of 1.03. The company has a quick ratio of 0.20, a current ratio of 1.27 and a debt-to-equity ratio of 443.59. The business has a 50-day simple moving average of C$85.93 and a two-hundred day simple moving average of C$95.35. BRP has a 52 week low of C$48.50 and a 52 week high of C$112.26.

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

BRP Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 24th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, April 10th. BRP’s dividend payout ratio (DPR) is 21.77%.

About BRP

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).