BRP (TSE:DOO) Given a C$90.00 Price Target at Canaccord Genuity Group

Canaccord Genuity Group set a C$90.00 price objective on BRP (TSE:DOO) in a research note released on Wednesday morning, BayStreet.CA reports. The firm currently has a hold rating on the stock.

Several other equities research analysts have also recently weighed in on DOO. National Bankshares cut shares of BRP from an outperform rating to a sector perform rating and dropped their price target for the company from C$109.00 to C$100.00 in a research report on Wednesday, August 21st. Raymond James cut their target price on BRP from C$108.00 to C$100.00 in a research note on Monday, June 3rd. Scotiabank lowered their price target on BRP from C$105.00 to C$103.00 and set a sector perform rating for the company in a research report on Monday, June 3rd. Stifel Nicolaus lowered BRP from a buy rating to a hold rating and cut their price objective for the stock from C$106.00 to C$97.00 in a research report on Wednesday, August 21st. Finally, Citigroup raised their price target on BRP from C$100.00 to C$110.00 and gave the stock a buy rating in a research note on Tuesday, July 16th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, BRP currently has an average rating of Hold and a consensus target price of C$101.92.

BRP Trading Up 0.5 %

TSE DOO opened at C$95.57 on Wednesday. The firm has a market cap of C$3.40 billion, a PE ratio of 12.83, a price-to-earnings-growth ratio of 2.05 and a beta of 2.33. BRP has a 1-year low of C$77.42 and a 1-year high of C$109.96. The stock has a 50-day moving average of C$92.00 and a 200-day moving average of C$91.32. The company has a current ratio of 1.35, a quick ratio of 0.20 and a debt-to-equity ratio of 461.35.

BRP (TSE:DOO) last announced its quarterly earnings data on Friday, May 31st. The company reported C$0.95 earnings per share for the quarter, beating the consensus estimate of C$0.88 by C$0.07. The firm had revenue of C$2.03 billion during the quarter, compared to the consensus estimate of C$2.02 billion. BRP had a return on equity of 94.59% and a net margin of 5.83%. As a group, sell-side analysts forecast that BRP will post 9.1208251 EPS for the current year.

BRP Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, July 12th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Friday, June 28th. BRP’s payout ratio is currently 11.28%.

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.