BRP (TSE:DOO) Downgraded by Cibc World Mkts to “Hold”

Cibc World Mkts lowered shares of BRP (TSE:DOO) from a strong-buy rating to a hold rating in a research note issued to investors on Monday, Zacks.com reports.

A number of other equities research analysts have also weighed in on DOO. National Bankshares lowered BRP from an outperform rating to a sector perform rating and reduced their price objective for the stock from C$109.00 to C$100.00 in a research report on Wednesday, August 21st. Royal Bank of Canada lowered their price objective on BRP from C$108.00 to C$99.00 in a research note on Monday. TD Securities dropped their price target on shares of BRP from C$100.00 to C$98.00 and set a hold rating for the company in a research note on Monday, June 3rd. Stifel Nicolaus decreased their price objective on BRP from C$97.00 to C$82.00 in a report on Monday. Finally, Citigroup reduced their price target on BRP from C$110.00 to C$101.00 in a research report on Monday. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, BRP has a consensus rating of Hold and a consensus price target of C$96.00.

BRP Price Performance

BRP has a fifty-two week low of C$77.42 and a fifty-two week high of C$108.01. The firm has a market capitalization of C$2.82 billion, a P/E ratio of 10.57, a P/E/G ratio of 2.05 and a beta of 2.33. The company has a 50 day moving average of C$92.56 and a two-hundred day moving average of C$91.30. The company has a debt-to-equity ratio of 461.35, a quick ratio of 0.20 and a current ratio of 1.35.

BRP (TSE:DOO) last issued its quarterly earnings results on Friday, September 6th. The company reported C$0.61 EPS for the quarter, topping analysts’ consensus estimates of C$0.30 by C$0.31. The company had revenue of C$1.84 billion for the quarter, compared to analysts’ expectations of C$1.85 billion. BRP had a return on equity of 94.59% and a net margin of 5.83%. As a group, equities research analysts expect that BRP will post 8.3681507 earnings per share for the current year.

BRP Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of ∞. BRP’s payout ratio is 11.28%.

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.