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

BRP Inc. (TSE:DOO) has earned an average recommendation of “Buy” from the fifteen research firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and four have given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$110.83.

Several research firms recently commented on DOO. Natl Bk Canada upgraded shares of BRP from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 4th. National Bankshares raised shares of BRP from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$105.00 to C$125.00 in a research report on Friday, December 5th. Cibc World Mkts upgraded shares of BRP from a “hold” rating to a “strong-buy” rating in a report on Monday, September 1st. Desjardins upped their price target on shares of BRP from C$117.00 to C$130.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Finally, BMO Capital Markets increased their price target on BRP from C$105.00 to C$115.00 and gave the company an “outperform” rating in a report on Friday, December 5th.

BRP Stock Performance

Shares of TSE:DOO opened at C$106.81 on Monday. The business has a 50-day moving average of C$93.80 and a two-hundred day moving average of C$81.42. The firm has a market capitalization of C$11.18 billion, a PE ratio of 323.67, a P/E/G ratio of 2.05 and a beta of 1.07. The company has a debt-to-equity ratio of 573.79, a current ratio of 1.37 and a quick ratio of 0.20. BRP has a 12 month low of C$43.88 and a 12 month high of C$108.90.

BRP Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Tuesday, October 14th were paid a $0.215 dividend. The ex-dividend date was Monday, September 29th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 0.8%. BRP’s dividend payout ratio (DPR) is 259.09%.

About BRP

BRP designs, develops, manufactures, distributes, and markets snowmobiles, all-terrain vehicles, and personal watercraft under the Ski-Doo, Sea-Doo, Can-Am, and Lynx brand names. It also builds engines under the Rotax brand (after discontinuing the Evinrude outboard engine business in 2020) and offers clothing, parts, and accessories that cater to its core consumers.