BRP (TSE:DOO) Upgraded at Natl Bk Canada

Natl Bk Canada upgraded shares of BRP (TSE:DOO) from a hold rating to a strong-buy rating in a research report released on Thursday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on DOO. Loop Capital upgraded shares of BRP to a “strong-buy” rating in a research report on Thursday, November 13th. TD Securities boosted their target price on shares of BRP from C$87.00 to C$107.00 and gave the stock a “buy” rating in a research note on Tuesday, September 2nd. Canaccord Genuity Group upped their price target on shares of BRP from C$108.00 to C$116.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Stifel Nicolaus increased their price target on BRP from C$97.00 to C$106.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Finally, Royal Bank Of Canada boosted their price objective on BRP from C$100.00 to C$107.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. Four investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$109.08.

BRP Stock Performance

BRP stock opened at C$106.12 on Thursday. BRP has a 12-month low of C$43.88 and a 12-month high of C$108.90. 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 business’s 50-day moving average price is C$92.23 and its two-hundred day moving average price is C$79.28. The stock has a market cap of C$7.76 billion, a PE ratio of -212.24, a P/E/G ratio of 2.05 and a beta of 1.07.

BRP Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, October 14th were paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, September 29th. BRP’s dividend payout ratio (DPR) is currently -170.00%.

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.