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

Shares of BRP Inc. (TSE:DOO) have been assigned a consensus rating of “Moderate Buy” from the sixteen brokerages that are covering the firm, MarketBeat reports. Eight equities research 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 1 year target price among brokerages that have issued a report on the stock in the last year is C$98.73.

A number of equities analysts have weighed in on DOO shares. Canadian Imperial Bank of Commerce upped their price objective on shares of BRP from C$90.00 to C$94.00 and gave the company an “outperformer” rating in a research report on Friday, May 29th. TD Securities cut BRP from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. TD increased their price target on BRP from C$84.00 to C$92.00 and gave the company a “hold” rating in a report on Friday, May 29th. Ci Capital lowered their price objective on BRP from C$128.00 to C$119.00 and set a “buy” rating for the company in a research note on Friday, March 27th. Finally, Canaccord Genuity Group downgraded BRP from a “buy” rating to a “hold” rating and dropped their price objective for the stock from C$118.00 to C$90.00 in a report on Wednesday, April 15th.

BRP Stock Down 5.4%

TSE DOO opened at C$81.98 on Friday. The stock has a market cap of C$6.05 billion, a PE ratio of 22.40, a P/E/G ratio of 2.05 and a beta of 0.92. The business has a 50 day moving average price of C$80.67 and a two-hundred day moving average price of C$92.94. The company has a quick ratio of 0.20, a current ratio of 1.30 and a debt-to-equity ratio of 419.45. BRP has a fifty-two week low of C$65.26 and a fifty-two week high of C$112.26.

BRP (TSE:DOO) last released its quarterly earnings results on Thursday, May 28th. The company reported C$1.83 earnings per share (EPS) for the quarter. BRP had a net margin of 3.01% and a return on equity of 46.01%. The firm had revenue of C$2.39 billion for the quarter. As a group, sell-side analysts predict that BRP will post 6.890971 EPS for the current fiscal year.

BRP Dividend Announcement

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