BRP Inc. Plans Quarterly Dividend of C$0.25 (NASDAQ:DOO)

BRP Inc. (NASDAQ:DOO) declared a quarterly dividend on Wednesday, May 27th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.25 per share on Tuesday, July 14th. This represents a c) dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Tuesday, June 30th.

BRP Trading Up 0.9%

Shares of DOO stock traded up $0.54 on Thursday, hitting $58.57. 742,790 shares of the stock were exchanged, compared to its average volume of 301,972. The company has a quick ratio of 0.56, a current ratio of 1.27 and a debt-to-equity ratio of 3.92. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 15.52 and a beta of 0.90. BRP has a one year low of $38.18 and a one year high of $81.89. The firm has a 50 day moving average price of $61.54.

Analysts Set New Price Targets

A number of analysts recently issued reports on DOO shares. Seaport Research Partners cut BRP from a “buy” rating to a “neutral” rating in a report on Wednesday, April 15th. TD Cowen lowered BRP from a “buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Wall Street Zen lowered BRP from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 18th. Royal Bank Of Canada cut their price objective on BRP from $124.00 to $107.00 and set an “outperform” rating on the stock in a research report on Monday, April 20th. Finally, TD Securities lowered BRP from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Two research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, BRP has a consensus rating of “Hold” and a consensus price target of $85.67.

BRP Company Profile

BRP Inc, headquartered in Valcourt, Quebec, designs, manufactures and distributes powersports vehicles and propulsion systems for recreational and utility use. The company traces its roots to the Bombardier family and the early development of the snowmobile, and it operates as a global manufacturer of recreational vehicles and related technologies.

BRP’s product portfolio includes snowmobiles, personal watercraft and sport boats, off-road vehicles (including all-terrain and side-by-side models) and three‑wheel on‑road vehicles.