BRP Inc. (TSE:DOO) Stock Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• BRP has a “Moderate Buy” consensus rating from 16 analysts, including nine buys and two strong buys. The average 12-month price target is C$103.93, with several firms recently raising their targets to between C$106 and C$112.
• BRP shares opened at C$75.60 and were down 2.3%, trading below their 50-day and 200-day moving averages. The company reported quarterly revenue of C$2.24 billion and a loss of C$0.18 per share.
• The company announced a quarterly dividend of $0.25 per share, equal to an annualized $1.00 and a 1.3% yield; its payout ratio is 61.59%.

Shares of BRP Inc. (TSE:DOO - Get Free Report) have received an average rating of "Moderate Buy" from the sixteen research firms that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$103.93.

Several research analysts recently weighed in on the stock. TD raised shares of BRP from a "hold" rating to a "buy" rating and lifted their price objective for the stock from C$92.00 to C$106.00 in a research note on Wednesday, August 19th. TD Securities raised shares of BRP from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 18th. Citigroup increased their target price on shares of BRP from C$106.00 to C$110.00 and gave the stock a "buy" rating in a report on Tuesday, September 8th. Finally, National Bank Financial raised shares of BRP from a "hold" rating to an "outperform" rating and lifted their price target for the stock from C$98.00 to C$112.00 in a research report on Thursday, September 3rd.

BRP Trading Down 2.3%

TSE:DOO opened at C$75.60 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.20 and a debt-to-equity ratio of 912.53. BRP has a 1-year low of C$67.11 and a 1-year high of C$112.26. The firm has a market capitalization of C$5.38 billion, a price-to-earnings ratio of 50.07, a PEG ratio of 2.05 and a beta of 0.79. The business's 50-day moving average price is C$85.35 and its two-hundred day moving average price is C$84.98.

BRP (TSE:DOO - Get Free Report) last posted its earnings results on Thursday, September 3rd. The company reported C($0.18) earnings per share (EPS) for the quarter. The company had revenue of C$2.24 billion for the quarter. BRP had a return on equity of 20.51% and a net margin of 1.21%. On average, equities analysts expect that BRP will post 6.89 earnings per share for the current year.

BRP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 13th. Investors of record on Tuesday, October 13th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, September 29th. BRP's dividend payout ratio (DPR) is presently 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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