BRP (TSE:DOO) Sets New 1-Year High – What’s Next?

BRP Inc. (TSE:DOO)’s share price reached a new 52-week high on Tuesday . The company traded as high as C$96.55 and last traded at C$95.94, with a volume of 179917 shares changing hands. The stock had previously closed at C$91.00.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on DOO shares. Cibc World Mkts raised shares of BRP from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 1st. Royal Bank Of Canada increased their price objective on BRP from C$100.00 to C$107.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. TD Securities lifted their target price on BRP from C$87.00 to C$107.00 and gave the company a “buy” rating in a research report on Tuesday, September 2nd. Loop Capital upgraded BRP to a “strong-buy” rating in a report on Thursday, November 13th. Finally, BMO Capital Markets increased their price target on BRP from C$75.00 to C$105.00 in a research report on Tuesday, September 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$97.33.

BRP Trading Down 0.7%

The company has a debt-to-equity ratio of 573.79, a current ratio of 1.37 and a quick ratio of 0.20. The company has a market capitalization of C$7.07 billion, a P/E ratio of -193.44, a price-to-earnings-growth ratio of 2.05 and a beta of 1.09. The firm has a fifty day moving average price of C$90.12 and a 200-day moving average price of C$76.94.

BRP Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Tuesday, October 14th were given a dividend of $0.215 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a $0.86 annualized dividend and a dividend yield of 0.9%. BRP’s dividend payout ratio (DPR) is currently -170.00%.

About BRP

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.