BRP (TSE:DOO) Price Target Cut to C$82.00 by Analysts at Stifel Nicolaus

BRP (TSE:DOO) had its price objective cut by Stifel Nicolaus from C$97.00 to C$82.00 in a report published on Monday, BayStreet.CA reports.

A number of other analysts also recently issued reports on DOO. Desjardins lowered their price objective on shares of BRP from C$116.00 to C$110.00 and set a buy rating on the stock in a report on Thursday, August 22nd. TD Securities lowered their price target on shares of BRP from C$100.00 to C$98.00 and set a hold rating on the stock in a research note on Monday, June 3rd. Canaccord Genuity Group set a C$90.00 price target on shares of BRP and gave the stock a hold rating in a research report on Wednesday, August 28th. National Bankshares cut BRP from an outperform rating to a sector perform rating and decreased their price objective for the company from C$109.00 to C$100.00 in a report on Wednesday, August 21st. Finally, National Bank Financial downgraded BRP from a strong-buy rating to a hold rating in a research report on Tuesday, August 20th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of C$96.00.

BRP Stock Up 4.6 %

Shares of TSE DOO opened at C$82.71 on Monday. BRP has a 52-week low of C$77.42 and a 52-week high of C$108.01. The company has a debt-to-equity ratio of 461.35, a quick ratio of 0.20 and a current ratio of 1.35. The stock has a market cap of C$2.95 billion, a P/E ratio of 11.10, a P/E/G ratio of 2.05 and a beta of 2.33. The firm has a 50 day moving average price of C$92.56 and a 200 day moving average price of C$91.30.

BRP (TSE:DOO) last announced its earnings results on Friday, September 6th. The company reported C$0.61 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.30 by C$0.31. The firm had revenue of C$1.84 billion during the quarter, compared to analyst estimates of C$1.85 billion. BRP had a net margin of 5.83% and a return on equity of 94.59%. Analysts expect that BRP will post 8.3681507 EPS for the current year.

BRP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Friday, September 27th. BRP’s payout ratio is presently 11.28%.

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.