BRP Inc. (TSE:DOO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

BRP Inc. (TSE:DOO) has earned a consensus recommendation of “Moderate Buy” from the sixteen analysts that are covering the company, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$98.73.

Several analysts recently commented on DOO shares. BMO Capital Markets lifted their price objective on BRP from C$115.00 to C$120.00 and gave the stock an “outperform” rating in a report on Friday, March 27th. TD increased their price target on BRP from C$84.00 to C$92.00 and gave the stock a “hold” rating in a research note on Friday, May 29th. Ci Capital cut their price objective on shares of BRP from C$128.00 to C$119.00 and set a “buy” rating for the company in a report on Friday, March 27th. Stifel Nicolaus lowered BRP from a “buy” rating to a “hold” rating and cut their price objective for the company from C$92.00 to C$85.00 in a research report on Friday, May 29th. Finally, National Bank Financial raised their target price on shares of BRP from C$80.00 to C$84.00 and gave the company a “sector perform” rating in a report on Friday, May 29th.

BRP Stock Performance

Shares of DOO opened at C$84.63 on Monday. The company has a current ratio of 1.30, a quick ratio of 0.20 and a debt-to-equity ratio of 419.45. BRP has a 12 month low of C$63.60 and a 12 month high of C$112.26. The company has a market cap of C$6.24 billion, a price-to-earnings ratio of 23.12, a P/E/G ratio of 2.05 and a beta of 0.92. The business’s fifty day simple moving average is C$84.36 and its two-hundred day simple moving average is C$94.67.

BRP (TSE:DOO) last issued its earnings results on Thursday, May 28th. The company reported C$1.83 earnings per share for the quarter. BRP had a return on equity of 46.01% and a net margin of 3.01%.The business had revenue of C$2.39 billion during the quarter. Research analysts anticipate that BRP will post 6.890971 earnings per share for the current fiscal year.

BRP Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 24th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.00 annualized dividend and a dividend yield of 1.2%. BRP’s payout ratio is currently 24.45%.

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. In 2018, BRP created a marine group, acquiring boat manufacturers Alumacraft, Triton (which makes Manitou pontoon boats), and Telwater (in Australia).