BRP Inc. (TSE:DOO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

BRP Inc. (TSE:DOO) has been given an average rating of “Moderate Buy” by the sixteen analysts that are currently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$103.93.

A number of analysts recently commented on DOO shares. Scotiabank upped their price objective on BRP from C$80.00 to C$83.00 and gave the company a “sector perform” rating in a research report on Friday, May 29th. Citigroup raised their target price on BRP from C$106.00 to C$110.00 and gave the stock a “buy” rating in a research report on Tuesday, September 8th. Canadian Imperial Bank of Commerce upped their price target on shares of BRP from C$90.00 to C$94.00 and gave the company an “outperformer” rating in a research report on Friday, May 29th. Stifel Nicolaus lowered shares of BRP from a “buy” rating to a “hold” rating and cut their target price for the company from C$92.00 to C$85.00 in a research report on Friday, May 29th. Finally, TD raised shares of BRP from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$92.00 to C$106.00 in a research report on Wednesday, August 19th.

BRP Stock Down 0.5%

DOO opened at C$81.21 on Wednesday. The stock has a market capitalization of C$5.78 billion, a price-to-earnings ratio of 53.78, a PEG ratio of 2.05 and a beta of 0.68. The firm has a 50 day moving average price of C$87.06 and a 200-day moving average price of C$85.77. BRP has a twelve month low of C$67.11 and a twelve month high of C$112.26. The company has a quick ratio of 0.20, a current ratio of 1.19 and a debt-to-equity ratio of 912.53.

BRP (TSE:DOO) last announced its earnings results on Thursday, September 3rd. The company reported C($0.18) earnings per share for the quarter. The company had revenue of C$2.24 billion for the quarter. BRP had a net margin of 1.21% and a return on equity of 20.51%. Equities research analysts forecast that BRP will post 6.890971 earnings per share for the current year.

BRP Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 13th. Shareholders of record on Tuesday, October 13th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 29th. BRP’s payout ratio is currently 61.59%.

About BRP

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.