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

BRP Inc. (TSE:DOO) has received an average recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$105.20.

Several equities research analysts have recently weighed in on the stock. Seaport Research Partners downgraded shares of BRP from a “buy” rating to a “hold” rating in a research note on Wednesday, April 15th. National Bank Financial cut BRP from an “outperform” rating to a “hold” rating and decreased their price objective for the stock from C$125.00 to C$80.00 in a research report on Wednesday, April 15th. Scotia dropped their target price 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. Wells Fargo & Company increased their price target on BRP from C$105.00 to C$110.00 and gave the stock an “overweight” rating in a report on Friday, March 27th. Finally, Desjardins reduced their target price on shares of BRP from C$138.00 to C$97.00 and set a “buy” rating for the company in a research note on Thursday, April 16th.

BRP Stock Down 0.9%

DOO stock opened at C$76.60 on Friday. The company’s 50 day moving average price is C$95.08 and its 200 day moving average price is C$97.28. The firm has a market capitalization of C$5.60 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 2.05 and a beta of 0.94. BRP has a fifty-two week low of C$44.98 and a fifty-two week high of C$112.26. The company has a debt-to-equity ratio of 443.59, a quick ratio of 0.20 and a current ratio of 1.27.

BRP (TSE:DOO) last released its quarterly earnings data on Thursday, March 26th. The company reported C$2.21 earnings per share for the quarter. BRP had a net margin of 3.45% and a return on equity of 54.95%. The company had revenue of C$2.46 billion for the quarter. On average, equities research analysts anticipate that BRP will post 6.890971 EPS for the current fiscal year.

BRP Dividend Announcement

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

BRP Company Profile

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).