BRP (TSE:DOO) Price Target Cut to C$116.00 by Analysts at Desjardins

BRP (TSE:DOOFree Report) had its price objective trimmed by Desjardins from C$137.00 to C$116.00 in a research note released on Monday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

DOO has been the subject of a number of other research reports. Raymond James dropped their price objective on shares of BRP from C$108.00 to C$100.00 in a research note on Monday. TD Securities raised their target price on shares of BRP from C$95.00 to C$100.00 in a research note on Monday, April 1st. CIBC increased their price target on BRP from C$106.00 to C$110.00 in a research note on Monday, April 1st. National Bankshares upped their price target on BRP from C$105.00 to C$112.00 in a research note on Monday, April 1st. Finally, Stifel Nicolaus upped their price target on shares of BRP from C$100.00 to C$112.00 in a report on Monday, April 1st. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, BRP currently has an average rating of Moderate Buy and a consensus target price of C$103.00.

Read Our Latest Report on BRP

BRP Stock Performance

Shares of TSE DOO opened at C$87.40 on Monday. The company has a debt-to-equity ratio of 362.62, a current ratio of 1.41 and a quick ratio of 0.20. BRP has a one year low of C$77.42 and a one year high of C$122.41. The business’s 50-day moving average price is C$94.17 and its two-hundred day moving average price is C$91.27. The company has a market capitalization of C$3.19 billion, a P/E ratio of 9.23, a price-to-earnings-growth ratio of 1.80 and a beta of 2.37.

BRP (TSE:DOOGet Free Report) last posted its earnings results 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 net margin of 7.17% and a return on equity of 109.97%. The business had revenue of C$2.69 billion during the quarter, compared to analyst estimates of C$2.79 billion. Analysts anticipate that BRP will post 10.0525739 earnings per share for the current fiscal year.

BRP Dividend Announcement

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

BRP Company Profile

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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.

Further Reading

Analyst Recommendations for BRP (TSE:DOO)

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