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 research note published on Thursday morning,Zacks.com reports.

Several other equities analysts have also commented on DOO. CIBC dropped their price target on shares of BRP from C$82.00 to C$64.00 in a research report on Thursday, March 27th. UBS Group dropped their price target on shares of BRP from C$64.00 to C$50.00 in a research report on Wednesday, April 23rd. Royal Bank of Canada dropped their price target on shares of BRP from C$99.00 to C$69.00 in a research report on Friday, March 28th. Stifel Nicolaus dropped their price target on shares of BRP from C$58.00 to C$49.00 and set a "hold" rating for the company in a research report on Wednesday, April 30th. Finally, Canaccord Genuity Group dropped their price objective on shares of BRP from C$80.00 to C$60.00 in a research report on Friday, March 21st. Nine research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of C$69.21.

BRP Trading Up 1.0%

Shares of TSE:DOO traded up C$0.59 during trading on Thursday, reaching C$61.04. The stock had a trading volume of 283,597 shares, compared to its average volume of 196,214. BRP has a fifty-two week low of C$43.88 and a fifty-two week high of C$102.16. 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 business has a fifty day moving average price of C$49.75 and a 200-day moving average price of C$60.75. The stock has a market cap of C$4.49 billion, a P/E ratio of 23.01, a PEG ratio of 2.05 and a beta of 2.28.

BRP Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, April 18th were issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 1.41%. This is a positive change from BRP's previous quarterly dividend of $0.21. The ex-dividend date was Friday, April 4th. 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.