Stifel Nicolaus Cuts BRP (TSE:DOO) Price Target to C$106.00

BRP (TSE:DOO) had its target price decreased by Stifel Nicolaus from C$112.00 to C$106.00 in a report issued on Monday morning, BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other research firms have also recently commented on DOO. National Bankshares lifted their target price on BRP from C$105.00 to C$112.00 in a research note on Monday, April 1st. CIBC lifted their target price on BRP from C$106.00 to C$110.00 in a research note on Monday, April 1st. Desjardins lowered their target price on BRP from C$137.00 to C$116.00 and set a buy rating for the company in a research note on Monday. Scotiabank lowered their target price on BRP from C$109.00 to C$105.00 and set an outperform rating for the company in a research note on Tuesday, March 26th. Finally, DA Davidson lifted their target price on BRP from C$99.00 to C$105.00 in a research note on Tuesday, April 2nd. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of C$103.00.

BRP Trading Up 2.7 %

DOO stock opened at C$86.49 on Monday. The business has a fifty day moving average price of C$94.17 and a 200 day moving average price of C$91.10. BRP has a fifty-two week low of C$77.42 and a fifty-two week high of C$122.41. The stock has a market capitalization of C$3.16 billion, a price-to-earnings ratio of 9.13, a P/E/G ratio of 1.80 and a beta of 2.37. The company has a debt-to-equity ratio of 362.62, a current ratio of 1.41 and a quick ratio of 0.20.

BRP (TSE:DOO) last released its quarterly earnings results on Thursday, March 28th. The company reported C$2.46 earnings per share for the quarter, missing analysts’ consensus estimates of C$2.63 by C($0.17). BRP had a net margin of 7.17% and a return on equity of 109.97%. The business had revenue of C$2.69 billion for the quarter, compared to analyst estimates of C$2.79 billion. Analysts expect that BRP will post 10.0525739 EPS for the current fiscal year.

BRP Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.21 per share. The ex-dividend date is Friday, June 28th. This represents a $0.84 annualized dividend and a yield of 0.97%. BRP’s dividend payout ratio is presently 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.