BRP Inc. (TSE:DOO) Given Average Recommendation of "Hold" by Analysts

Shares of BRP Inc. (TSE:DOO - Get Free Report) have earned a consensus recommendation of "Hold" from the twelve ratings firms that are covering the stock, Marketbeat.com reports. Nine investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$69.79.

Several brokerages recently issued reports on DOO. UBS Group reduced their price target on shares of BRP from C$64.00 to C$50.00 in a research report on Wednesday, April 23rd. Baird R W cut shares of BRP from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Citigroup boosted their price target on shares of BRP from C$49.00 to C$60.00 in a research report on Tuesday, June 3rd. BMO Capital Markets reduced their price target on shares of BRP from C$100.00 to C$70.00 in a research report on Thursday, March 27th. Finally, Stifel Canada upgraded shares of BRP from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 29th.

BRP Trading Up 1.6%

Shares of TSE:DOO traded up C$1.05 during midday trading on Monday, hitting C$66.17. 113,736 shares of the stock traded hands, compared to its average volume of 190,411. The stock has a market capitalization of C$4.87 billion, a PE ratio of 24.94, a P/E/G ratio of 2.05 and a beta of 2.28. The business's 50 day moving average is C$55.33 and its two-hundred day moving average is C$60.38. The company has a quick ratio of 0.20, a current ratio of 1.37 and a debt-to-equity ratio of 573.79. BRP has a one year low of C$43.88 and a one year high of C$102.16.

BRP Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, April 18th were paid a dividend of $0.215 per share. This is an increase from BRP's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.30%. BRP's dividend payout ratio (DPR) is currently 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.