BRP (TSE:DOO) Reaches New 52-Week High – Should You Buy?

BRP Inc. (TSE:DOO) reached a new 52-week high on Friday . The stock traded as high as C$94.92 and last traded at C$94.66, with a volume of 93605 shares trading hands. The stock had previously closed at C$93.27.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on DOO shares. CIBC raised BRP from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from C$66.00 to C$100.00 in a research report on Tuesday, September 2nd. Cibc World Mkts upgraded BRP from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 1st. Scotiabank raised their target price on BRP from C$67.00 to C$98.00 and gave the stock a “sector perform” rating in a research report on Tuesday, September 2nd. BMO Capital Markets lifted their price target on shares of BRP from C$75.00 to C$105.00 in a research note on Tuesday, September 2nd. Finally, National Bankshares boosted their price target on shares of BRP from C$83.00 to C$101.00 and gave the company a “sector perform” rating in a report on Tuesday, September 2nd. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$92.38.

BRP Trading Up 1.8%

The stock has a market cap of C$6.94 billion, a P/E ratio of -189.86, a PEG ratio of 2.05 and a beta of 1.16. The company has a debt-to-equity ratio of 573.79, a current ratio of 1.37 and a quick ratio of 0.20. The business’s 50 day simple moving average is C$81.80 and its 200 day simple moving average is C$65.60.

BRP Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, October 14th will be paid a dividend of $0.215 per share. The ex-dividend date is Monday, September 29th. This represents a $0.86 dividend on an annualized basis and a yield of 0.9%. BRP’s dividend payout ratio (DPR) is currently -170.00%.

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.