Analysts Set BRP Inc. (TSE:DOO) Price Target at C$103.88

Shares of BRP Inc. (TSE:DOO) have been given a consensus rating of “Moderate Buy” by the fifteen ratings firms that are covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$101.75.

Several analysts have recently issued reports on the stock. Desjardins lowered their price target on shares of BRP from C$138.00 to C$97.00 and set a “buy” rating on the stock in a research report on Thursday, April 16th. Royal Bank Of Canada cut their price objective on shares of BRP from C$124.00 to C$107.00 and set an “outperform” rating for the company in a report on Monday. Wells Fargo & Company lifted their price objective on shares of BRP from C$105.00 to C$110.00 and gave the company an “overweight” rating in a research note on Friday, March 27th. Canaccord Genuity Group cut shares of BRP from a “buy” rating to a “hold” rating and lowered their target price for the company from C$118.00 to C$90.00 in a report on Wednesday, April 15th. Finally, National Bank Financial downgraded BRP from an “outperform” rating to a “hold” rating and dropped their target price for the stock from C$125.00 to C$80.00 in a research report on Wednesday, April 15th.

BRP Price Performance

Shares of TSE DOO opened at C$81.40 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.20 and a debt-to-equity ratio of 443.59. The stock has a fifty day simple moving average of C$96.24 and a two-hundred day simple moving average of C$97.56. BRP has a 1-year low of C$44.54 and a 1-year high of C$112.26. The firm has a market cap of C$5.95 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 2.05 and a beta of 0.94.

BRP (TSE:DOO) last issued its earnings results on Thursday, March 26th. The company reported C$2.21 earnings per share (EPS) for the quarter. The firm had revenue of C$2.46 billion for the quarter. BRP had a return on equity of 54.95% and a net margin of 3.45%. Analysts anticipate that BRP will post 6.890971 earnings per share for the current year.

BRP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, April 24th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 10th. This represents a $1.00 dividend on an annualized basis and a yield of 1.2%. BRP’s dividend payout ratio is 21.77%.

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. In 2018, BRP created a marine group, acquiring boat manufacturers Alumacraft, Triton (which makes Manitou pontoon boats), and Telwater (in Australia).