BRP Inc. (DOO.TO) – What Are Investment Firms Saying About This Stock?

Shares of BRP Inc. (TSE:DOO) have earned an average rating of “Moderate Buy” from the sixteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$103.93.

DOO has been the subject of a number of recent research reports. Citigroup lifted their target price on BRP from C$106.00 to C$110.00 and gave the stock a “buy” rating in a report on Tuesday, September 8th. TD upgraded BRP from a “hold” rating to a “buy” rating and increased their price target for the company from C$92.00 to C$106.00 in a report on Wednesday, August 19th. National Bank Financial upgraded BRP from a “hold” rating to an “outperform” rating and raised their price target for the stock from C$98.00 to C$112.00 in a research report on Thursday, September 3rd. Finally, TD Securities raised shares of BRP from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 18th.

BRP Trading Down 0.3%

DOO opened at C$93.32 on Thursday. The firm has a market cap of C$6.64 billion, a P/E ratio of 61.80, a P/E/G ratio of 2.05 and a beta of 0.72. BRP has a 12 month low of C$67.11 and a 12 month high of C$112.26. The company has a current ratio of 1.19, a quick ratio of 0.20 and a debt-to-equity ratio of 912.53. The stock has a 50-day moving average of C$82.94 and a 200 day moving average of C$87.82.

BRP (TSE:DOO) last issued its quarterly earnings data on Thursday, September 3rd. The company reported C($0.18) earnings per share for the quarter. BRP had a return on equity of 20.51% and a net margin of 1.21%. The company had revenue of C$2.24 billion for the quarter. As a group, research analysts forecast that BRP will post 6.89 EPS for the current year.

BRP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 13th. Stockholders of record on Tuesday, October 13th were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $1.00 annualized dividend and a dividend yield of 1.1%. BRP’s dividend payout ratio is currently 61.59%.

BRP Company Profile

BRP Inc. is a global leader in the world of powersports products and powertrains, built on over 80 years of ingenuity, innovation, and intensive consumer focus. Through its portfolio of industry-leading and distinctive brands featuring Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on- and off-road vehicles, Quintrex boats as well as Rotax engines for karts, recreational aircraft and jet boats, BRP unlocks exhilarating adventures and provides access to experiences across different playgrounds.