BRP Inc. (TSE:DOO) Given Average Rating of "Hold" by Brokerages

BRP Inc. (TSE:DOO - Get Free Report) has received a consensus rating of "Hold" from the twelve research firms that are currently covering the company, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$69.79.

DOO has been the topic of a number of analyst reports. Canaccord Genuity Group decreased their price objective on shares of BRP from C$80.00 to C$60.00 in a research report on Friday, March 21st. Citigroup upped their target price on shares of BRP from C$49.00 to C$60.00 in a research note on Tuesday, June 3rd. National Bankshares dropped their target price on shares of BRP from C$65.00 to C$61.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 22nd. BMO Capital Markets decreased their price objective on shares of BRP from C$100.00 to C$70.00 in a report on Thursday, March 27th. Finally, Royal Bank Of Canada reduced their target price on shares of BRP from C$99.00 to C$69.00 in a report on Friday, March 28th.

BRP Stock Down 0.6%

Shares of TSE:DOO opened at C$64.40 on Monday. The firm has a fifty day moving average price of C$53.87 and a two-hundred day moving average price of C$60.43. The company has a debt-to-equity ratio of 573.79, a current ratio of 1.37 and a quick ratio of 0.20. BRP has a one year low of C$43.88 and a one year high of C$102.16. The company has a market cap of C$4.74 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 2.05 and a beta of 2.28.

BRP Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, April 18th were issued a dividend of $0.215 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.86 dividend on an annualized basis and a yield of 1.34%. This is a boost from BRP's previous quarterly dividend of $0.21. BRP's dividend payout ratio (DPR) is presently 31.66%.

BRP Company Profile

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.

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