Shares of BRP Inc. (TSE:DOO – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$103.93.
A number of brokerages recently weighed in on DOO. Stifel Nicolaus downgraded 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 note on Friday, May 29th. National Bank Financial raised BRP from a “hold” rating to an “outperform” rating and raised their price target for the company from C$98.00 to C$112.00 in a research report on Thursday, September 3rd. Royal Bank Of Canada lifted their price objective on BRP from C$107.00 to C$113.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Citigroup boosted their price objective on BRP from C$106.00 to C$110.00 and gave the stock a “buy” rating in a research report on Tuesday, September 8th. Finally, Scotiabank increased their target price on BRP from C$80.00 to C$83.00 and gave the company a “sector perform” rating in a research note on Friday, May 29th.
Get Our Latest Stock Report on BRP
BRP Trading Down 1.1%
BRP (TSE:DOO – Get Free Report) last issued its quarterly earnings data on Thursday, September 3rd. The company reported C($0.18) earnings per share for the quarter. BRP had a net margin of 1.21% and a return on equity of 20.51%. The business had revenue of C$2.24 billion for the quarter. On average, research analysts predict that BRP will post 6.890971 earnings per share for the current fiscal year.
BRP Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 13th. Stockholders of record on Tuesday, October 13th will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, September 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.2%. BRP’s payout ratio is 61.59%.
About BRP
BRP Inc is a global leader in the world of powersports products and powertrains, built on over 80 years of ingenuity, innovation, and intensive consumer focus. Through its portfolio of industry-leading and distinctive brands featuring Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on- and off-road vehicles, Quintrex boats as well as Rotax engines for karts, recreational aircraft and jet boats, BRP unlocks exhilarating adventures and provides access to experiences across different playgrounds.
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