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

Shares of BRP Inc. (TSE:DOO) have been given an average rating of “Hold” by the thirteen brokerages that are presently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$101.92.

Several research firms recently weighed in on DOO. Canaccord Genuity Group set a C$90.00 target price on shares of BRP and gave the company a “hold” rating in a research note on Wednesday. TD Securities lowered their price objective 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. Scotiabank cut their target price on shares of BRP from C$105.00 to C$103.00 and set a “sector perform” rating for the company in a research note on Monday, June 3rd. National Bankshares downgraded BRP from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$109.00 to C$100.00 in a research report on Wednesday, August 21st. Finally, National Bank Financial cut BRP from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 20th.

BRP Price Performance

The firm has a market cap of C$3.48 billion, a P/E ratio of 12.87, a price-to-earnings-growth ratio of 2.05 and a beta of 2.33. The business’s 50 day simple moving average is C$92.20 and its 200-day simple moving average is C$91.35. The company has a debt-to-equity ratio of 461.35, a quick ratio of 0.20 and a current ratio of 1.35. BRP has a one year low of C$77.42 and a one year high of C$109.96.

BRP (TSE:DOO) last posted its quarterly earnings results on Friday, May 31st. The company reported C$0.95 earnings per share for the quarter, topping the consensus estimate of C$0.88 by C$0.07. BRP had a return on equity of 94.59% and a net margin of 5.83%. The firm had revenue of C$2.03 billion for the quarter, compared to analyst estimates of C$2.02 billion. As a group, sell-side analysts expect that BRP will post 9.1208251 earnings per share for the current year.

BRP Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, July 12th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date was Friday, June 28th. BRP’s dividend payout ratio is currently 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.