BRP (TSE:DOO) Price Target Cut to C$100.00 by Analysts at Citigroup

BRP (TSE:DOOFree Report) had its price objective cut by Citigroup from C$107.00 to C$100.00 in a research note published on Monday, BayStreet.CA reports.

Several other brokerages have also recently commented on DOO. Stifel Nicolaus lowered their price target on shares of BRP from C$112.00 to C$106.00 and set a buy rating for the company in a research report on Monday. Raymond James reduced their price target on shares of BRP from C$108.00 to C$100.00 in a research report on Monday. DA Davidson increased their target price on BRP from C$99.00 to C$105.00 in a report on Tuesday, April 2nd. TD Securities reduced their price target on BRP from C$100.00 to C$98.00 and set a hold rating for the company in a research report on Monday. Finally, National Bankshares lowered their target price on shares of BRP from C$112.00 to C$109.00 and set an outperform rating on the stock in a report on Monday. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to, the company presently has an average rating of Moderate Buy and an average target price of C$103.00.

Get Our Latest Stock Analysis on DOO

BRP Price Performance

TSE:DOO opened at C$87.40 on Monday. The company has a debt-to-equity ratio of 362.62, a quick ratio of 0.20 and a current ratio of 1.41. The company has a 50-day moving average of C$94.17 and a 200-day moving average of C$91.27. BRP has a 52 week low of C$77.42 and a 52 week high of C$122.41. The company has a market capitalization of C$3.19 billion, a price-to-earnings ratio of 9.23, a PEG ratio of 1.80 and a beta of 2.37.

BRP (TSE:DOOGet Free Report) last released its quarterly earnings data on Thursday, March 28th. The company reported C$2.46 earnings per share for the quarter, missing the consensus estimate of C$2.63 by C($0.17). The company had revenue of C$2.69 billion during the quarter, compared to the consensus estimate of C$2.79 billion. BRP had a net margin of 7.17% and a return on equity of 109.97%. As a group, equities research analysts anticipate that BRP will post 10.0525739 earnings per share for the current fiscal year.

BRP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.84 dividend on an annualized basis and a yield of 0.96%. BRP’s payout ratio is currently 8.87%.

About BRP

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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.

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Analyst Recommendations for BRP (TSE:DOO)

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