BRP Inc. (TSE:DOO) Receives C$105.20 Consensus Target Price from Analysts

Shares of BRP Inc. (TSE:DOO – Get Free Report) have received an average recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$105.20.

Several equities research analysts recently weighed in on DOO shares. TD Securities downgraded BRP from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. BMO Capital Markets raised their price objective on BRP from C$115.00 to C$120.00 and gave the company an “outperform” rating in a report on Friday, March 27th. Wells Fargo & Company raised their price objective on BRP from C$105.00 to C$110.00 and gave the company an “overweight” rating in a report on Friday, March 27th. Scotia cut their price objective on BRP from C$117.00 to C$80.00 and set a “sector perform” rating on the stock in a report on Thursday, April 16th. Finally, Canaccord Genuity Group downgraded BRP from a “buy” rating to a “hold” rating and cut 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 TSE DOO opened at C$76.39 on Thursday. The firm has a market cap of C$5.63 billion, a P/E ratio of 19.34, a price-to-earnings-growth ratio of 2.05 and a beta of 1.03. The company has a current ratio of 1.27, a quick ratio of 0.20 and a debt-to-equity ratio of 443.59. BRP has a 1-year low of C$48.50 and a 1-year high of C$112.26. The business’s 50 day moving average is C$86.50 and its 200-day moving average is C$95.56.

BRP (TSE:DOO – Get Free Report) last issued its quarterly earnings results on Thursday, March 26th. The company reported C$2.21 earnings per share (EPS) for the quarter. BRP had a return on equity of 54.95% and a net margin of 3.45%.The company had revenue of C$2.46 billion for the quarter. Equities research analysts predict that BRP will post 6.890971 earnings per share for the current year.

BRP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 24th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, April 10th. BRP’s payout ratio is currently 21.77%.

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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