BRP Inc. (TSE:DOO) Stock Has Average Target Price of C$103.93 According to Brokerages

Shares of BRP Inc. (TSE:DOO) have been given a consensus rating of “Moderate Buy” by the sixteen research firms that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, nine have given 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 have recently issued reports on DOO. TD upgraded shares of BRP from a “hold” rating to a “buy” rating and increased their price target for the company from C$92.00 to C$106.00 in a report on Wednesday, August 19th. Citigroup raised their price objective on shares of BRP from C$106.00 to C$110.00 and gave the company a “buy” rating in a research note on Tuesday, September 8th. TD Securities raised shares of BRP from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 18th. Finally, National Bank Financial upgraded shares of BRP from a “hold” rating to an “outperform” rating and upped their target price for the stock from C$98.00 to C$112.00 in a research report on Thursday, September 3rd.

BRP Trading Down 0.3%

Shares of BRP stock opened at C$75.40 on Friday. The company has a fifty day simple moving average of C$84.83 and a 200-day simple moving average of C$84.75. The stock has a market cap of C$5.36 billion, a price-to-earnings ratio of 49.93, a PEG ratio of 2.05 and a beta of 0.79. BRP has a 12-month low of C$67.11 and a 12-month high of C$112.26. The company has a current ratio of 1.19, a quick ratio of 0.20 and a debt-to-equity ratio of 912.53.

BRP (TSE:DOO) last released its quarterly earnings results on Thursday, September 3rd. The company reported C($0.18) EPS for the quarter. The business had revenue of C$2.24 billion during the quarter. BRP had a net margin of 1.21% and a return on equity of 20.51%. On average, equities analysts forecast that BRP will post 6.89 EPS for the current fiscal year.

BRP Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 13th. Stockholders of record on Tuesday, October 13th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $1.00 annualized dividend and a dividend yield of 1.3%. BRP’s payout ratio is 61.59%.

BRP Company Profile

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.