BRP Inc. (TSE:DOO) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• BRP Inc. has received a consensus recommendation of "Moderate Buy" from eleven brokerage firms, with an average 12 month price target of C$94.54.
• The company recently raised its dividend to $0.215 per share, which reflects a 0.9% dividend yield.
• Analysts, including Royal Bank of Canada and TD Securities, have increased their price targets for BRP, with the new estimates reaching up to C$107.00.

Shares of BRP Inc. (TSE:DOO - Get Free Report) have received an average recommendation of "Moderate Buy" from the eleven ratings firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$94.54.

A number of research analysts recently weighed in on the company. Royal Bank Of Canada raised their price objective on BRP from C$100.00 to C$107.00 and gave the company an "outperform" rating in a research report on Thursday, October 16th. TD Securities raised their price target on BRP from C$87.00 to C$107.00 and gave the stock a "buy" rating in a research note on Tuesday, September 2nd. BMO Capital Markets lifted their target price on BRP from C$75.00 to C$105.00 in a research report on Tuesday, September 2nd. Stifel Nicolaus boosted their price objective on BRP from C$97.00 to C$106.00 and gave the company a "buy" rating in a research report on Friday, October 10th. Finally, National Bankshares boosted their price objective on BRP from C$83.00 to C$101.00 and gave the stock a "sector perform" rating in a research note on Tuesday, September 2nd.

BRP Stock Up 1.2%

Shares of TSE:DOO opened at C$94.08 on Friday. BRP has a 52-week low of C$43.88 and a 52-week high of C$96.10. The firm has a market capitalization of C$6.88 billion, a P/E ratio of -188.16, a P/E/G ratio of 2.05 and a beta of 1.12. The stock has a 50 day moving average price of C$87.98 and a 200-day moving average price of C$69.97. The company has a debt-to-equity ratio of 573.79, a quick ratio of 0.20 and a current ratio of 1.37.

BRP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Tuesday, October 14th were issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, September 29th. 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.

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