BRP Inc. (TSE:DOO) Receives Average Recommendation of “Hold” from Analysts

Shares of BRP Inc. (TSE:DOO) have been given a consensus rating of “Hold” by the thirteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$70.00.

Several research analysts have weighed in on the stock. National Bankshares lowered their target price on shares of BRP from C$84.00 to C$72.00 and set a “sector perform” rating for the company in a research note on Tuesday, February 25th. Royal Bank of Canada lowered their price objective on shares of BRP from C$99.00 to C$69.00 in a research report on Friday, March 28th. UBS Group cut their target price on BRP from C$64.00 to C$50.00 in a research report on Wednesday, April 23rd. BMO Capital Markets lowered their price target on BRP from C$100.00 to C$70.00 in a research report on Thursday, March 27th. Finally, Baird R W downgraded BRP from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th.

BRP Stock Performance

Shares of BRP stock opened at C$47.75 on Friday. The business’s fifty day simple moving average is C$51.53 and its 200-day simple moving average is C$63.62. The company has a quick ratio of 0.20, a current ratio of 1.37 and a debt-to-equity ratio of 573.79. The firm has a market cap of C$3.51 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. BRP has a 52 week low of C$43.88 and a 52 week high of C$102.16.

BRP Increases Dividend

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