BRP (TSE:DOO) Price Target Cut to C$102.00 by Analysts at Citigroup

BRP (TSE:DOO) had its price target trimmed by Citigroup from C$119.00 to C$102.00 in a research report released on Monday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other research analysts have also weighed in on the stock. TD Securities lowered shares of BRP from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Ci Capital cut their target price on shares of BRP from C$128.00 to C$119.00 and set a “buy” rating for the company in a research note on Friday, March 27th. BMO Capital Markets lifted their price target on BRP from C$115.00 to C$120.00 and gave the stock an “outperform” rating in a report on Friday, March 27th. Wells Fargo & Company boosted their price target on BRP from C$105.00 to C$110.00 and gave the stock an “overweight” rating in a research report on Friday, March 27th. Finally, Raymond James Financial dropped their price objective on BRP from C$117.00 to C$115.00 in a research note on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$101.75.

BRP Price Performance

TSE:DOO opened at C$81.33 on Monday. The stock has a market capitalization of C$5.95 billion, a PE ratio of 20.59, a P/E/G ratio of 2.05 and a beta of 0.94. BRP has a 1-year low of C$43.88 and a 1-year high of C$112.26. The firm has a fifty day simple moving average of C$96.75 and a 200 day simple moving average of C$97.66. The company has a current ratio of 1.27, a quick ratio of 0.20 and a debt-to-equity ratio of 443.59.

BRP (TSE:DOO) last posted its quarterly earnings results on Thursday, March 26th. The company reported C$2.21 earnings per share (EPS) for the quarter. The firm had revenue of C$2.46 billion for the quarter. BRP had a net margin of 3.45% and a return on equity of 54.95%. On average, research analysts expect that BRP will post 6.890971 EPS for the current fiscal year.

BRP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Stockholders of record on Friday, April 24th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 10th. This represents a $1.00 annualized dividend and a dividend yield of 1.2%. BRP’s dividend payout ratio is presently 21.77%.

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. In 2018, BRP created a marine group, acquiring boat manufacturers Alumacraft, Triton (which makes Manitou pontoon boats), and Telwater (in Australia).