BRP Inc. (TSE:DOO) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of BRP Inc. (TSE:DOO) have earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$105.23.

Several analysts recently issued reports on the company. National Bankshares increased their target price on BRP from C$105.00 to C$112.00 in a research report on Monday, April 1st. Desjardins dropped their target price on shares of BRP from C$117.00 to C$112.00 and set a “buy” rating for the company in a research report on Monday, March 25th. TD Securities boosted their price target on shares of BRP from C$95.00 to C$100.00 in a research note on Monday, April 1st. Scotiabank decreased their target price on BRP from C$109.00 to C$105.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 26th. Finally, Raymond James cut their price target on BRP from C$114.00 to C$108.00 in a report on Monday, April 1st.

BRP Stock Performance

Shares of DOO opened at C$95.64 on Wednesday. The business has a 50-day simple moving average of C$90.83 and a two-hundred day simple moving average of C$92.47. The company has a quick ratio of 0.20, a current ratio of 1.40 and a debt-to-equity ratio of 438.99. BRP has a 52 week low of C$77.42 and a 52 week high of C$122.41. The stock has a market cap of C$3.35 billion, a price-to-earnings ratio of 8.29, a PEG ratio of 1.94 and a beta of 2.41.

BRP (TSE:DOO) last announced its quarterly earnings data on Thursday, March 28th. The company reported C$2.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$2.63 by C($0.17). BRP had a return on equity of 210.20% and a net margin of 8.56%. The firm had revenue of C$2.69 billion during the quarter, compared to analysts’ expectations of C$2.79 billion. On average, analysts expect that BRP will post 10.0451745 EPS for the current year.

BRP Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 8th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend was Friday, April 5th. This is a positive change from BRP’s previous quarterly dividend of $0.18. BRP’s dividend payout ratio (DPR) is 6.24%.

About BRP

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.