BRP Inc. (TSE:DOO) Receives C$69.21 Consensus Price Target from Brokerages

BRP Inc. (TSE:DOO - Get Free Report) has been given an average rating of "Hold" by the thirteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold rating, two have issued 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$69.21.

A number of equities research analysts recently weighed in on the company. Stifel Canada upgraded BRP from a "hold" rating to a "strong-buy" rating in a research note on Thursday. Raymond James dropped their price target on BRP from C$98.00 to C$65.00 in a research note on Thursday, March 27th. Citigroup upgraded BRP from a "sell" rating to a "neutral" rating and increased their price target for the company from C$39.00 to C$52.00 in a research note on Friday, April 4th. BMO Capital Markets dropped their price target on BRP from C$100.00 to C$70.00 in a research note on Thursday, March 27th. Finally, Royal Bank of Canada dropped their target price on BRP from C$99.00 to C$69.00 in a report on Friday, March 28th.

BRP Stock Up 1.0%

Shares of TSE DOO traded up C$0.59 during trading hours on Thursday, hitting C$61.04. The company had a trading volume of 283,597 shares, compared to its average volume of 196,214. The stock has a market capitalization of C$4.49 billion, a P/E ratio of 23.01, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. 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 1-year low of C$43.88 and a 1-year high of C$102.16. The firm's 50 day moving average is C$49.75 and its 200-day moving average is C$60.75.

BRP Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, April 18th were given a $0.215 dividend. The ex-dividend date was Friday, April 4th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.41%. This is a boost from BRP's previous quarterly dividend of $0.21. BRP's dividend payout ratio (DPR) is presently 31.66%.

About BRP

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.