BRP Inc. (TSE:DOO) Receives Average Recommendation of "Moderate Buy" from Brokerages

BRP Inc. (TSE:DOO - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twelve brokerages that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$105.23.

Several brokerages recently issued reports on DOO. Raymond James decreased their price objective on BRP from C$114.00 to C$108.00 in a research report on Monday, April 1st. TD Securities increased their price objective on BRP from C$95.00 to C$100.00 in a report on Monday, April 1st. DA Davidson increased their price target on BRP from C$99.00 to C$105.00 in a research note on Tuesday, April 2nd. National Bankshares increased their price objective on BRP from C$105.00 to C$112.00 in a research report on Monday, April 1st. Finally, Stifel Nicolaus raised their price target on BRP from C$100.00 to C$112.00 in a research report on Monday, April 1st.

BRP Trading Down 0.5 %

Shares of DOO stock traded down C$0.49 on Wednesday, reaching C$95.15. The company had a trading volume of 74,863 shares, compared to its average volume of 211,462. The company has a current ratio of 1.40, a quick ratio of 0.20 and a debt-to-equity ratio of 438.99. The stock has a market cap of C$3.34 billion, a PE ratio of 8.25, a PEG ratio of 1.94 and a beta of 2.41. The company has a 50-day moving average of C$90.96 and a 200-day moving average of C$92.49. BRP has a 12 month low of C$77.42 and a 12 month high of C$122.41.

BRP (TSE:DOO - Get Free Report) last announced its quarterly earnings results on Thursday, March 28th. The company reported C$2.46 EPS for the quarter, missing analysts' consensus estimates of C$2.63 by C($0.17). The company had revenue of C$2.69 billion during the quarter, compared to the consensus estimate of C$2.79 billion. BRP had a net margin of 8.56% and a return on equity of 210.20%. On average, equities analysts forecast that BRP will post 10.0451745 earnings per share for the current year.

BRP Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 8th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, April 5th. This is a boost from BRP's previous quarterly dividend of $0.18. This represents a $0.84 annualized dividend and a yield of 0.88%. BRP's dividend payout ratio is presently 6.24%.

BRP Company Profile

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.