BRP Inc. (DOO) to Issue Quarterly Dividend of C$0.25 on July 14th

BRP Inc. (NASDAQ:DOO) declared a quarterly dividend on Wednesday, May 27th. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.25 per share on Tuesday, July 14th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, June 30th.

BRP Stock Up 0.1%

Shares of BRP stock opened at $62.32 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.61 and a debt-to-equity ratio of 3.41. The stock has a market capitalization of $4.60 billion, a P/E ratio of 23.52 and a beta of 0.89. The business has a 50 day moving average of $57.83. BRP has a 52 week low of $47.74 and a 52 week high of $81.89.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. UBS Group decreased their price objective on shares of BRP from $78.00 to $68.00 and set a “neutral” rating for the company in a research note on Friday, June 5th. Scotiabank reaffirmed a “sector perform” rating on shares of BRP in a report on Friday, May 29th. TD Cowen lowered shares of BRP from a “buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Citigroup reduced their target price on shares of BRP from $75.00 to $74.00 and set a “buy” rating for the company in a research note on Friday, May 29th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of BRP in a research report on Monday, March 23rd. Four equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $83.00.

BRP Company Profile

BRP Inc, headquartered in Valcourt, Quebec, designs, manufactures and distributes powersports vehicles and propulsion systems for recreational and utility use. The company traces its roots to the Bombardier family and the early development of the snowmobile, and it operates as a global manufacturer of recreational vehicles and related technologies.

BRP’s product portfolio includes snowmobiles, personal watercraft and sport boats, off-road vehicles (including all-terrain and side-by-side models) and three?wheel on?road vehicles.