BRP (TSE:DOO) PT Lowered to C$108.00

BRP (TSE:DOO) had its target price reduced by Royal Bank of Canada from C$110.00 to C$108.00 in a research report released on Monday morning, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

Several other research firms have also weighed in on DOO. Desjardins lowered their price objective on BRP from C$137.00 to C$116.00 and set a buy rating for the company in a research report on Monday. National Bankshares boosted their target price on BRP from C$105.00 to C$112.00 in a research report on Monday, April 1st. Raymond James decreased their target price on BRP from C$108.00 to C$100.00 in a research report on Monday. CIBC decreased their target price on BRP from C$110.00 to C$100.00 and set an outperform rating for the company in a research report on Monday. Finally, TD Securities boosted their target price on BRP from C$95.00 to C$100.00 in a research report on Monday, April 1st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of C$103.00.

BRP Stock Performance

DOO stock opened at C$86.69 on Monday. The stock has a 50-day moving average price of C$94.08 and a 200-day moving average price of C$91.07. BRP has a 1-year low of C$77.42 and a 1-year high of C$122.41. The company has a current ratio of 1.41, a quick ratio of 0.20 and a debt-to-equity ratio of 362.62. The firm has a market cap of C$3.16 billion, a PE ratio of 9.15, a price-to-earnings-growth ratio of 1.80 and a beta of 2.37.

BRP (TSE:DOO) last posted its quarterly earnings data on Thursday, March 28th. The company reported C$2.46 earnings per share for the quarter, missing the consensus estimate of C$2.63 by C($0.17). BRP had a return on equity of 109.97% and a net margin of 7.17%. The business had revenue of C$2.69 billion during the quarter, compared to the consensus estimate of C$2.79 billion. As a group, equities research analysts expect that BRP will post 10.0525739 earnings per share for the current year.

BRP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, June 28th. This represents a $0.84 dividend on an annualized basis and a yield of 0.97%. BRP’s dividend payout ratio (DPR) is currently 8.87%.

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.