BRP (TSE:DOO – Free Report) had its price objective hoisted by National Bankshares from C$89.00 to C$93.00 in a research report report published on Friday, BayStreet.CA reports.
Several other equities analysts also recently commented on the company. National Bank Financial downgraded BRP from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Cibc World Mkts cut BRP from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th. Desjardins cut shares of BRP from a “moderate buy” rating to a “hold” rating in a research report on Sunday, September 8th. CIBC downgraded shares of BRP from an “outperform” rating to a “neutral” rating and decreased their price target for the company from C$100.00 to C$92.00 in a research note on Monday, September 9th. Finally, BMO Capital Markets dropped their price objective on shares of BRP from C$115.00 to C$100.00 in a research note on Monday, September 9th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$95.46.
Get Our Latest Stock Report on BRP
BRP Trading Down 2.6 %
BRP (TSE:DOO – Get Free Report) last announced its earnings results on Friday, September 6th. The company reported C$0.61 EPS for the quarter, topping the consensus estimate of C$0.30 by C$0.31. BRP had a net margin of 2.77% and a return on equity of 37.60%. The business had revenue of C$1.84 billion during the quarter, compared to the consensus estimate of C$1.85 billion. Research analysts forecast that BRP will post 6.890971 EPS for the current year.
BRP Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend was Friday, September 27th. BRP’s dividend payout ratio is presently 25.45%.
BRP Company Profile
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.
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