BRP (TSE:DOO) Stock Rating Upgraded by Stifel Canada

Stifel Canada upgraded shares of BRP (TSE:DOO - Free Report) from a hold rating to a strong-buy rating in a report published on Thursday,Zacks.com reports.

Other analysts have also issued research reports about the stock. CIBC lowered their price objective on shares of BRP from C$82.00 to C$64.00 in a research report on Thursday, March 27th. Stifel Nicolaus reduced their price objective on BRP from C$58.00 to C$49.00 and set a "hold" rating for the company in a report on Wednesday, April 30th. UBS Group dropped their price target on BRP from C$64.00 to C$50.00 in a research report on Wednesday, April 23rd. Canaccord Genuity Group lowered their price objective on BRP from C$80.00 to C$60.00 in a research note on Friday, March 21st. Finally, Royal Bank of Canada cut their target price on shares of BRP from C$99.00 to C$69.00 in a research report on Friday, March 28th. Nine analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of C$69.79.

BRP Stock Up 2.9%

Shares of TSE DOO traded up C$1.80 during trading on Thursday, hitting C$63.91. The stock had a trading volume of 140,273 shares, compared to its average volume of 195,185. The company has a debt-to-equity ratio of 573.79, a current ratio of 1.37 and a quick ratio of 0.20. The firm has a fifty day moving average of C$49.98 and a two-hundred day moving average of C$60.76. BRP has a 12 month low of C$43.88 and a 12 month high of C$102.16. The company has a market capitalization of C$4.70 billion, a PE ratio of 24.09, a PEG ratio of 2.05 and a beta of 2.28.

BRP Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, April 18th were issued a dividend of $0.215 per share. This is a positive change 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 annualized dividend and a dividend yield of 1.35%. BRP's payout ratio 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.