BRP Inc. (TSE:DOO) Given Average Rating of “Moderate Buy” by Analysts

Shares of BRP Inc. (TSE:DOO) have been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$105.23.

Several equities analysts recently issued reports on DOO shares. Scotiabank dropped their target price on shares of BRP from C$109.00 to C$105.00 and set an “outperform” rating on the stock in a report on Tuesday, March 26th. CIBC raised their target price on BRP from C$106.00 to C$110.00 in a research note on Monday, April 1st. National Bankshares lifted their target price on BRP from C$105.00 to C$112.00 in a report on Monday, April 1st. Raymond James cut their price target on BRP from C$114.00 to C$108.00 in a report on Monday, April 1st. Finally, Stifel Nicolaus lifted their price objective on shares of BRP from C$100.00 to C$112.00 in a research note on Monday, April 1st.

BRP Price Performance

Shares of DOO opened at C$95.64 on Wednesday. The business has a 50-day moving average of C$90.83 and a 200-day moving average of C$92.47. The company has a debt-to-equity ratio of 438.99, a current ratio of 1.40 and a quick ratio of 0.20. The company has a market capitalization of C$3.35 billion, a price-to-earnings ratio of 8.29, a price-to-earnings-growth ratio of 1.94 and a beta of 2.41. BRP has a 1 year low of C$77.42 and a 1 year high of C$122.41.

BRP (TSE:DOO) last released its earnings results on Thursday, March 28th. The company reported C$2.46 earnings per share for the quarter, missing analysts’ consensus estimates of C$2.63 by C($0.17). The firm had revenue of C$2.69 billion for the quarter, compared to analyst estimates of C$2.79 billion. BRP had a net margin of 8.56% and a return on equity of 210.20%. As a group, equities research analysts anticipate that BRP will post 10.0451745 earnings per share for the current year.

BRP Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 8th were paid a dividend of $0.21 per share. 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 (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 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.