BRP (TSE:DOO) Upgraded to Buy by Citigroup

Citigroup upgraded shares of BRP (TSE:DOO) from a neutral rating to a buy rating in a research report released on Tuesday morning, BayStreet.CA reports. Citigroup currently has C$128.00 target price on the stock, up from their previous target price of C$111.00.

Several other brokerages have also recently weighed in on DOO. TD Securities boosted their price target on shares of BRP from C$110.00 to C$115.00 and gave the stock a hold rating in a research report on Friday, September 8th. Royal Bank of Canada boosted their price target on shares of BRP from C$141.00 to C$147.00 and gave the stock an outperform rating in a research report on Monday. Scotiabank lifted their price objective on shares of BRP from C$142.00 to C$145.00 and gave the stock a sector perform rating in a research note on Friday, September 8th. Raymond James lifted their price objective on shares of BRP from C$124.00 to C$125.00 in a research note on Friday, September 8th. Finally, Desjardins set a C$143.00 price objective on shares of BRP and gave the stock an outperform rating in a research note on Tuesday, August 22nd. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of C$141.42.

BRP Trading Up 1.7 %

BRP stock opened at C$101.70 on Tuesday. The stock has a market cap of C$3.50 billion, a P/E ratio of 8.17, a PEG ratio of 0.91 and a beta of 2.49. The company has a debt-to-equity ratio of 377.53, a current ratio of 1.40 and a quick ratio of 0.20. BRP has a 1 year low of C$80.87 and a 1 year high of C$122.41. The firm’s 50 day moving average price is C$110.09 and its 200-day moving average price is C$106.40.

BRP (TSE:DOO) last released its quarterly earnings data on Thursday, September 7th. The company reported C$3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.90 by C$0.31. BRP had a net margin of 9.08% and a return on equity of 252.92%. The firm had revenue of C$2.78 billion for the quarter, compared to analysts’ expectations of C$2.70 billion. On average, equities analysts predict that BRP will post 13.2407407 earnings per share for the current fiscal year.

BRP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Thursday, September 28th. BRP’s dividend payout ratio is currently 5.78%.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in North America, Europe, Australia, New Zealand, and Latin America. The company operates through two segments, Powersports and Marine. The Powersports segment offers year-round products, such as Can-Am ATVs, SSVs, and 3WVs; seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo PWCs and pontoons, and Rotax engines for karts and recreational aircraft.