BRP Inc. (TSE:DOO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of BRP Inc. (TSE:DOO) have earned an average recommendation of “Moderate Buy” from the sixteen research firms that are covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$98.73.

Several equities research analysts recently issued reports on DOO shares. Desjardins lifted their price target on shares of BRP from C$97.00 to C$103.00 and gave the company a “buy” rating in a report on Monday, June 1st. TD lifted their price target on shares of BRP from C$84.00 to C$92.00 and gave the company a “hold” rating in a report on Friday, May 29th. Royal Bank Of Canada lifted their price target on shares of BRP from C$107.00 to C$113.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Canaccord Genuity Group lowered shares of BRP from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$118.00 to C$90.00 in a report on Wednesday, April 15th. Finally, Citigroup reduced their target price on shares of BRP from C$75.00 to C$74.00 and set a “buy” rating on the stock in a report on Friday, May 29th.

BRP Trading Up 2.1%

Shares of BRP stock opened at C$84.29 on Monday. The firm has a market capitalization of C$6.22 billion, a PE ratio of 23.03, a price-to-earnings-growth ratio of 2.05 and a beta of 0.92. The company has a current ratio of 1.30, a quick ratio of 0.20 and a debt-to-equity ratio of 419.45. The firm’s 50 day moving average is C$83.06 and its 200 day moving average is C$94.45. BRP has a 1 year low of C$63.60 and a 1 year high of C$112.26.

BRP (TSE:DOO) last announced its quarterly earnings results on Thursday, May 28th. The company reported C$1.83 earnings per share (EPS) for the quarter. The company had revenue of C$2.39 billion for the quarter. BRP had a net margin of 3.01% and a return on equity of 46.01%. Equities research analysts forecast that BRP will post 6.890971 earnings per share for the current fiscal year.

BRP Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 24th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, April 10th. BRP’s payout ratio is presently 24.45%.

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).