Shares of BRP Inc. (TSE:DOO - Get Free Report) traded up 9.8% on Thursday . The company traded as high as C$56.56 and last traded at C$54.58. 299,886 shares changed hands during trading, an increase of 61% from the average session volume of 185,796 shares. The stock had previously closed at C$49.70.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on the company. Canaccord Genuity Group lowered their price target on BRP from C$80.00 to C$60.00 in a report on Friday, March 21st. Baird R W downgraded BRP from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Stifel Nicolaus lowered their price target on BRP from C$58.00 to C$49.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. Desjardins upgraded BRP from a "hold" rating to a "moderate buy" rating in a report on Thursday. Finally, National Bankshares cut their price objective on BRP from C$65.00 to C$61.00 and set a "sector perform" rating for the company in a report on Thursday, May 22nd. Nine equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of C$69.21.
Check Out Our Latest Stock Analysis on BRP
BRP Price Performance
The company has a quick ratio of 0.20, a current ratio of 1.37 and a debt-to-equity ratio of 573.79. The stock has a market capitalization of C$4.49 billion, a price-to-earnings ratio of 22.99, a P/E/G ratio of 2.05 and a beta of 2.28. The company's 50-day simple moving average is C$49.62 and its 200 day simple moving average is C$60.88.
BRP Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, April 18th were given a $0.215 dividend. This is an increase from BRP's previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Friday, April 4th. BRP's dividend payout ratio (DPR) is currently 31.66%.
About BRP
(
Get Free Report)
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.
Further Reading
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