BRP Inc. (TSE:DOO) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• BRP Inc. has received a consensus rating of "Moderate Buy" from eleven analysts, with an average price target of C$91.69.
• The company announced a quarterly dividend of $0.215 per share, payable on October 14th, representing a 1.0% dividend yield.
• Analysts have recently upgraded price targets for BRP, with CIBC raising it from C$66.00 to C$100.00 and BMO Capital Markets boosting it from C$75.00 to C$105.00.

Shares of BRP Inc. (TSE:DOO - Get Free Report) have received an average rating of "Moderate Buy" from the eleven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$91.69.

A number of analysts recently issued reports on the stock. CIBC upgraded shares of BRP from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from C$66.00 to C$100.00 in a research note on Tuesday, September 2nd. Stifel Nicolaus lifted their price target on shares of BRP from C$88.00 to C$97.00 and gave the stock a "buy" rating in a research note on Tuesday, September 2nd. Scotiabank boosted their target price on shares of BRP from C$67.00 to C$98.00 and gave the company a "sector perform" rating in a research note on Tuesday, September 2nd. BMO Capital Markets boosted their target price on shares of BRP from C$75.00 to C$105.00 in a research note on Tuesday, September 2nd. Finally, Royal Bank Of Canada boosted their target price on shares of BRP from C$68.00 to C$100.00 and gave the company an "outperform" rating in a research note on Tuesday, September 2nd.

BRP Trading Up 0.7%

TSE DOO opened at C$84.62 on Wednesday. The company's fifty day simple moving average is C$80.39 and its 200-day simple moving average is C$64.84. BRP has a 52 week low of C$43.88 and a 52 week high of C$94.51. The company has a current ratio of 1.37, a quick ratio of 0.20 and a debt-to-equity ratio of 573.79. The stock has a market cap of C$6.19 billion, a P/E ratio of -169.24, a PEG ratio of 2.05 and a beta of 1.16.

BRP Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, October 14th will be given a dividend of $0.215 per share. The ex-dividend date is Monday, September 29th. This represents a $0.86 annualized dividend and a dividend yield of 1.0%. BRP's dividend payout ratio is currently -170.00%.

BRP Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.