BRP Inc. (TSE:DOO) Given Average Rating of “Hold” by Brokerages

Shares of BRP Inc. (TSE:DOO) have received a consensus recommendation of “Hold” from the fourteen research firms that are presently covering the company, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$95.46.

Several equities research analysts have weighed in on DOO shares. Scotiabank lowered BRP from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$103.00 to C$91.00 in a research report on Monday, September 9th. National Bankshares boosted their target price on shares of BRP from C$89.00 to C$93.00 in a research note on Friday. DA Davidson dropped their price target on shares of BRP from C$105.00 to C$96.00 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. Stifel Nicolaus cut their price target on BRP from C$97.00 to C$82.00 in a report on Monday, September 9th. Finally, Citigroup decreased their price objective on BRP from C$110.00 to C$101.00 in a report on Monday, September 9th.

BRP Stock Up 0.5 %

DOO stock opened at C$79.32 on Wednesday. BRP has a one year low of C$77.23 and a one year high of C$105.27. The company has a debt-to-equity ratio of 545.75, a quick ratio of 0.20 and a current ratio of 1.32. The company has a 50 day moving average price of C$86.91 and a two-hundred day moving average price of C$90.26. The stock has a market capitalization of C$2.73 billion, a P/E ratio of 24.04, a PEG ratio of 2.05 and a beta of 2.28.

BRP (TSE:DOO) last released its earnings results on Friday, September 6th. The company reported C$0.61 earnings per share for the quarter, topping the consensus estimate of C$0.30 by C$0.31. BRP had a net margin of 2.77% and a return on equity of 37.60%. The company had revenue of C$1.84 billion during the quarter, compared to the consensus estimate of C$1.85 billion. As a group, sell-side analysts expect that BRP will post 6.890971 EPS for the current year.

BRP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.06%. The ex-dividend date was Friday, September 27th. BRP’s payout ratio is presently 25.45%.

About BRP

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.