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

Shares of BRP Inc. (TSE:DOO) have earned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$141.42.

Several brokerages have weighed in on DOO. Scotiabank lifted their price objective on BRP from C$142.00 to C$145.00 and gave the company a “sector perform” rating in a report on Friday, September 8th. Raymond James lifted their price target on BRP from C$124.00 to C$125.00 in a research note on Friday, September 8th. Royal Bank of Canada lifted their price target on BRP from C$141.00 to C$147.00 and gave the company an “outperform” rating in a research note on Monday, September 11th. Citigroup upgraded BRP from a “neutral” rating to a “buy” rating and lifted their price target for the company from C$111.00 to C$128.00 in a research note on Tuesday, September 12th. Finally, Desjardins set a C$143.00 price target on BRP and gave the company an “outperform” rating in a research note on Tuesday, August 22nd.

BRP Price Performance

Shares of TSE DOO opened at C$93.73 on Wednesday. The stock has a market capitalization of C$3.23 billion, a PE ratio of 7.53, a P/E/G ratio of 0.91 and a beta of 2.51. The company has a debt-to-equity ratio of 377.53, a current ratio of 1.40 and a quick ratio of 0.20. The business has a fifty day moving average price of C$101.55 and a two-hundred day moving average price of C$104.72. BRP has a fifty-two week low of C$85.05 and a fifty-two week high of C$122.41.

BRP (TSE:DOO) last announced its quarterly earnings data on Thursday, September 7th. The company reported C$3.21 earnings per share for the quarter, beating the consensus estimate of C$2.90 by C$0.31. The firm had revenue of C$2.78 billion during the quarter, compared to analysts’ expectations of C$2.70 billion. BRP had a return on equity of 252.92% and a net margin of 9.08%. As a group, equities analysts predict that BRP will post 14.7185535 earnings per share for the current fiscal year.

BRP Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were given a $0.18 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.77%. BRP’s dividend payout ratio (DPR) is presently 5.78%.

BRP Company Profile

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.