BRP Inc. (TSE:DOO) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of BRP Inc. (TSE:DOO – Get Free Report) have earned an average rating of “Moderate Buy” from the sixteen analysts that are presently covering the stock, MarketBeat.com reports. Eight 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 12 month target price among analysts that have issued ratings on the stock in the last year is C$98.73.

Several equities analysts have issued reports on DOO shares. Wells Fargo & Company boosted their price target on BRP from C$105.00 to C$110.00 and gave the company an “overweight” rating in a research note on Friday, March 27th. Scotia decreased their price objective on BRP from C$117.00 to C$80.00 and set a “sector perform” rating for the company in a report on Thursday, April 16th. TD Securities downgraded BRP from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. Raymond James Financial downgraded BRP from a “strong-buy” rating to a “market perform” rating in a report on Friday, April 24th. Finally, Canaccord Genuity Group downgraded BRP from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$118.00 to C$90.00 in a report on Wednesday, April 15th.

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BRP Price Performance

Shares of DOO opened at C$84.29 on Monday. BRP has a 52-week low of C$63.60 and a 52-week high of C$112.26. The company has a debt-to-equity ratio of 419.45, a quick ratio of 0.20 and a current ratio of 1.30. The business’s 50 day moving average price is C$83.06 and its two-hundred day moving average price is C$94.48. The firm has a market cap of C$6.22 billion, a PE ratio of 23.03, a price-to-earnings-growth ratio of 2.05 and a beta of 0.92.

BRP (TSE:DOO – Get Free Report) last issued its quarterly earnings results on Thursday, May 28th. The company reported C$1.83 earnings per share (EPS) for the quarter. BRP had a return on equity of 46.01% and a net margin of 3.01%.The firm had revenue of C$2.39 billion for the quarter. On average, equities analysts anticipate that BRP will post 6.890971 EPS for the current year.

BRP Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 24th were issued a dividend of $0.25 per share. The ex-dividend date 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%.

About BRP

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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).

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