BRP (TSE:DOO) Shares Up 3.5%

BRP Inc. (TSE:DOO - Get Free Report)'s stock price rose 3.5% during trading on Thursday . The stock traded as high as C$90.49 and last traded at C$89.36. Approximately 121,515 shares changed hands during mid-day trading, a decline of 37% from the average daily volume of 193,240 shares. The stock had previously closed at C$86.33.

Wall Street Analysts Forecast Growth

DOO has been the topic of several recent analyst reports. UBS Group cut BRP from a "buy" rating to a "neutral" rating and cut their price target for the stock from C$190.00 to C$89.00 in a research note on Monday, December 4th. National Bankshares dropped their price target on BRP from C$107.00 to C$105.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 19th. BMO Capital Markets dropped their price target on BRP from C$150.00 to C$115.00 and set an "outperform" rating on the stock in a research report on Friday, December 1st. Raymond James increased their price target on BRP from C$95.00 to C$114.00 in a research report on Thursday, January 4th. Finally, Desjardins dropped their price target on BRP from C$117.00 to C$112.00 and set a "buy" rating on the stock in a research report on Monday. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of C$104.62.

BRP Trading Up 5.4 %

The company has a market capitalization of C$3.19 billion, a price-to-earnings ratio of 7.87, a PEG ratio of 1.94 and a beta of 2.41. The firm has a 50-day moving average price of C$88.12 and a 200-day moving average price of C$93.17. The company has a current ratio of 1.40, a quick ratio of 0.20 and a debt-to-equity ratio of 438.99.

BRP Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Monday, April 22nd will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is 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 dividend yield of 0.92%. BRP's dividend payout ratio (DPR) is 6.24%.

BRP Company Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in North America, Europe, Australia, New Zealand, and Latin America. The company operates through two segments, Powersports and Marine. The Powersports segment offers year-round products, such as Can-Am ATVs, SSVs, and 3WVs; seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo PWCs and pontoons, and Rotax engines for karts and recreational aircraft.