BRP Inc. (TSE:DOO) Stock Has Average Price Target of C$103.93 According to Analysts

Shares of BRP Inc. (TSE:DOO) have earned an average rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$103.93.

DOO has been the subject of several research reports. TD upgraded BRP from a “hold” rating to a “buy” rating and increased their target price for the company from C$92.00 to C$106.00 in a research report on Wednesday, August 19th. TD Securities raised BRP from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 18th. Citigroup boosted their price target on BRP from C$106.00 to C$110.00 and gave the stock a “buy” rating in a report on Tuesday, September 8th. Finally, National Bank Financial raised BRP from a “hold” rating to an “outperform” rating and upped their price objective for the company from C$98.00 to C$112.00 in a research note on Thursday, September 3rd.

BRP Stock Performance

Shares of BRP stock opened at C$91.52 on Thursday. The company’s 50 day moving average price is C$82.48 and its two-hundred day moving average price is C$88.08. The firm has a market capitalization of C$6.51 billion, a P/E ratio of 60.61, a P/E/G ratio of 2.05 and a beta of 0.72. The company has a debt-to-equity ratio of 912.53, a current ratio of 1.19 and a quick ratio of 0.20. BRP has a fifty-two week low of C$67.11 and a fifty-two week high of C$112.26.

BRP (TSE:DOO) last announced its quarterly earnings results on Thursday, September 3rd. The company reported C($0.18) EPS for the quarter. The firm had revenue of C$2.24 billion during the quarter. BRP had a net margin of 1.21% and a return on equity of 20.51%. On average, equities analysts forecast that BRP will post 6.89 earnings per share for the current fiscal year.

BRP Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 13th. Investors of record on Tuesday, October 13th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, September 29th. This represents a $1.00 annualized dividend and a yield of 1.1%. BRP’s dividend payout ratio (DPR) is currently 61.59%.

BRP Company Profile

BRP Inc is a global leader in the world of powersports products and powertrains, built on over 80 years of ingenuity, innovation, and intensive consumer focus. Through its portfolio of industry-leading and distinctive brands featuring Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on- and off-road vehicles, Quintrex boats as well as Rotax engines for karts, recreational aircraft and jet boats, BRP unlocks exhilarating adventures and provides access to experiences across different playgrounds.