BRP Inc. (TSE:DOO) Receives Average Rating of “Hold” from Brokerages

BRP Inc. (TSE:DOO) has been given an average rating of “Hold” by the twelve brokerages that are covering the stock, MarketBeat.com reports. Nine research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$69.79.

DOO has been the subject of a number of recent research reports. CIBC decreased their price target on shares of BRP from C$82.00 to C$64.00 in a research note on Thursday, March 27th. Baird R W lowered shares of BRP from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. UBS Group reduced their target price on shares of BRP from C$64.00 to C$50.00 in a research note on Wednesday, April 23rd. TD Securities upgraded shares of BRP from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 30th. Finally, BMO Capital Markets reduced their target price on shares of BRP from C$100.00 to C$70.00 in a research note on Thursday, March 27th.

BRP Stock Performance

Shares of DOO stock opened at C$63.72 on Thursday. The firm has a market capitalization of C$4.69 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. The firm has a fifty day simple moving average of C$50.28 and a two-hundred day simple moving average of C$60.78. 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$102.16.

BRP Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, April 18th were issued a $0.215 dividend. This is an increase from BRP’s previous quarterly dividend of $0.21. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Friday, April 4th. BRP’s payout ratio is 31.66%.

BRP Company Profile

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.