BRP Inc. (TSE:DOO) Receives Average Recommendation of “Hold” from Analysts

Shares of BRP Inc. (TSE:DOO) have received a consensus recommendation of “Hold” from the twelve ratings firms that are currently covering the firm, Marketbeat reports. Nine analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$69.79.

DOO has been the topic of a number of recent research reports. National Bankshares decreased their price objective on BRP from C$65.00 to C$61.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 22nd. UBS Group decreased their price objective on BRP from C$64.00 to C$50.00 in a research report on Wednesday, April 23rd. Citigroup increased their price objective on BRP from C$49.00 to C$60.00 in a research report on Tuesday, June 3rd. Stifel Nicolaus decreased their price objective on BRP from C$58.00 to C$49.00 and set a “hold” rating on the stock in a research report on Wednesday, April 30th. Finally, Raymond James Financial decreased their price objective on BRP from C$98.00 to C$65.00 in a research report on Thursday, March 27th.

BRP Trading Up 0.1%

DOO stock opened at C$66.24 on Monday. The business has a fifty day moving average price of C$55.76 and a 200 day moving average price of C$60.33. BRP has a fifty-two week low of C$43.88 and a fifty-two week high of C$102.16. The stock has a market capitalization of C$4.87 billion, a price-to-earnings ratio of 24.97, a P/E/G ratio of 2.05 and a beta of 2.28. The company has a debt-to-equity ratio of 573.79, a current ratio of 1.37 and a quick ratio of 0.20.

BRP Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, April 18th were paid a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 1.30%. The ex-dividend date was Friday, April 4th. This is an increase from BRP’s previous quarterly dividend of $0.21. BRP’s dividend payout ratio (DPR) is presently 31.66%.

About BRP

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.