BRP Inc. (TSE:DOO) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• BRP has a “Moderate Buy” consensus rating from 16 analysts: nine recommend buying, two strongly recommend buying, and five advise holding. The average 12-month price target is C$103.93.
• BRP shares opened at C$82.04, below their 50-day and 200-day moving averages, and are down 2.8%. The stock has traded between C$67.11 and C$112.26 over the past year.
• The company declared a quarterly dividend of C$0.25, equivalent to C$1.00 annually and a 1.2% yield. BRP recently reported quarterly revenue of C$2.24 billion and a loss of C$0.18 per share.

Shares of BRP Inc. (TSE:DOO - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the sixteen research firms that are currently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is C$103.93.

A number of analysts have recently commented on the stock. Scotiabank boosted their price objective on shares of BRP from C$80.00 to C$83.00 and gave the stock a "sector perform" rating in a research report on Friday, May 29th. Royal Bank Of Canada lifted their price target on shares of BRP from C$107.00 to C$113.00 and gave the company an "outperform" rating in a research note on Friday, May 29th. Citigroup boosted their price target on shares of BRP from C$106.00 to C$110.00 and gave the stock a "buy" rating in a research report on Tuesday, September 8th. Desjardins boosted their price target on shares of BRP from C$97.00 to C$103.00 and gave the stock a "buy" rating in a research report on Monday, June 1st. Finally, TD upgraded shares of BRP from a "hold" rating to a "buy" rating and increased their price objective for the stock from C$92.00 to C$106.00 in a research note on Wednesday, August 19th.

BRP Stock Down 2.8%

TSE:DOO opened at C$82.04 on Wednesday. The stock has a 50-day simple moving average of C$87.19 and a 200 day simple moving average of C$86.41. BRP has a 52-week low of C$67.11 and a 52-week high of C$112.26. The company has a market cap of C$5.84 billion, a PE ratio of 54.33, a PEG ratio of 2.05 and a beta of 0.68. The company has a debt-to-equity ratio of 912.53, a quick ratio of 0.20 and a current ratio of 1.19.

BRP (TSE:DOO - Get Free Report) last released its earnings results on Thursday, September 3rd. The company reported C($0.18) EPS for the quarter. The firm had revenue of C$2.24 billion during the quarter. BRP had a net margin of 1.21% and a return on equity of 20.51%. On average, sell-side analysts expect that BRP will post 6.890971 EPS for the current fiscal year.

BRP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Tuesday, October 13th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Tuesday, September 29th. BRP's dividend payout ratio (DPR) is currently 61.59%.

BRP Company Profile

BRP Inc is a global leader in the world of powersports products and powertrains, built on over 80 years of ingenuity, innovation, and intensive consumer focus. Through its portfolio of industry-leading and distinctive brands featuring Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on- and off-road vehicles, Quintrex boats as well as Rotax engines for karts, recreational aircraft and jet boats, BRP unlocks exhilarating adventures and provides access to experiences across different playgrounds.

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