BRP Inc. (TSE:DOO) Given Consensus Rating of “Buy” by Brokerages

BRP Inc. (TSE:DOO) has been assigned a consensus recommendation of “Buy” from the fifteen ratings firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and four have issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$110.83.

DOO has been the topic of several recent analyst reports. Canaccord Genuity Group boosted their price target on BRP from C$116.00 to C$118.00 in a research note on Friday, December 5th. National Bankshares upgraded BRP from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$105.00 to C$125.00 in a report on Friday, December 5th. TD Securities upped their target price on BRP from C$106.00 to C$119.00 and gave the company a “buy” rating in a research report on Friday, December 5th. BMO Capital Markets raised their price target on shares of BRP from C$105.00 to C$115.00 and gave the stock an “outperform” rating in a research report on Friday, December 5th. Finally, Scotiabank lifted 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 note on Friday, December 5th.

BRP Stock Performance

Shares of DOO stock opened at C$106.81 on Monday. 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 company’s fifty day moving average price is C$93.80 and its two-hundred day moving average price is C$81.42. The firm has a market capitalization of C$11.18 billion, a P/E ratio of 323.67, a P/E/G ratio of 2.05 and a beta of 1.07. BRP has a 12 month low of C$43.88 and a 12 month high of C$108.90.

BRP Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Tuesday, October 14th were paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, September 29th. BRP’s dividend payout ratio is 259.09%.

BRP Company Profile

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.