BRP (TSE:DOO) Upgraded at National Bankshares

National Bankshares upgraded shares of BRP (TSE:DOO) from a sector perform rating to an outperform rating in a research note published on Friday morning,BayStreet.CA reports. National Bankshares currently has C$125.00 target price on the stock, up from their prior target price of C$105.00.

A number of other research analysts have also commented on DOO. Cibc World Mkts raised BRP from a “hold” rating to a “strong-buy” rating in a report on Monday, September 1st. Stifel Nicolaus boosted their target price on shares of BRP from C$106.00 to C$120.00 and gave the company a “buy” rating in a research report on Friday. CIBC upped their price target on shares of BRP from C$115.00 to C$118.00 and gave the company an “outperform” rating in a research note on Friday. Scotiabank raised their price target on shares of BRP from C$102.00 to C$117.00 and gave the stock a “sector perform” rating in a research report on Friday. Finally, Natl Bk Canada raised shares of BRP from a “hold” rating to a “strong-buy” rating in a report on Thursday. Four equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$109.08.

BRP Price Performance

BRP stock opened at C$106.12 on Friday. The company has a market capitalization of C$7.76 billion, a price-to-earnings ratio of -212.24, a PEG ratio of 2.05 and a beta of 1.07. The company has a current ratio of 1.37, a quick ratio of 0.20 and a debt-to-equity ratio of 573.79. BRP has a 12 month low of C$43.88 and a 12 month high of C$108.90. The stock’s 50 day moving average is C$92.23 and its 200-day moving average is C$79.49.

BRP Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 0.8%. BRP’s dividend payout ratio (DPR) is presently -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.