BRP (TSE:DOO) Given New C$49.00 Price Target at Stifel Nicolaus

BRP (TSE:DOO) had its price target lowered by Stifel Nicolaus from C$58.00 to C$49.00 in a report issued on Wednesday,BayStreet.CA reports. The firm currently has a hold rating on the stock.

Several other research firms also recently issued reports on DOO. CIBC decreased their price objective on shares of BRP from C$82.00 to C$64.00 in a report on Thursday, March 27th. Raymond James decreased their price target on shares of BRP from C$98.00 to C$65.00 in a research note on Thursday, March 27th. BMO Capital Markets cut their price objective on BRP from C$100.00 to C$70.00 in a research note on Thursday, March 27th. Canaccord Genuity Group decreased their target price on BRP from C$80.00 to C$60.00 in a research report on Friday, March 21st. Finally, National Bankshares dropped their price target on BRP from C$84.00 to C$72.00 and set a “sector perform” rating for the company in a research report on Tuesday, February 25th. Eleven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$70.00.

BRP Trading Up 2.2 %

Shares of DOO stock opened at C$47.75 on Wednesday. BRP has a 1-year low of C$43.88 and a 1-year high of C$102.16. The company has a market cap of C$3.51 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 2.05 and a beta of 2.28. The company has a debt-to-equity ratio of 573.79, a current ratio of 1.37 and a quick ratio of 0.20. The stock has a 50 day simple moving average of C$51.53 and a 200-day simple moving average of C$63.72.

BRP Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, April 18th were issued a $0.215 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.80%. This is a positive change from BRP’s previous quarterly dividend of $0.21. BRP’s dividend payout ratio is currently 31.66%.

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.