BRP Inc. (TSE:DOO) Given Consensus Recommendation of "Hold" by Analysts

Shares of BRP Inc. (TSE:DOO - Get Free Report) have received an average rating of "Hold" from the fourteen brokerages that are currently covering the stock, MarketBeat reports. Ten investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$95.46.

Several equities research analysts have commented on DOO shares. BMO Capital Markets lowered their price objective on BRP from C$115.00 to C$100.00 in a research report on Monday, September 9th. Cibc World Mkts downgraded shares of BRP from a "strong-buy" rating to a "hold" rating in a report on Monday, September 9th. DA Davidson decreased their price objective on shares of BRP from C$105.00 to C$96.00 and set a "buy" rating for the company in a research report on Tuesday, September 10th. Scotiabank cut BRP from an "outperform" rating to a "sector perform" rating and reduced their price target for the stock from C$103.00 to C$91.00 in a report on Monday, September 9th. Finally, Citigroup decreased their price target on shares of BRP from C$110.00 to C$101.00 in a research note on Monday, September 9th.

BRP Stock Performance

Shares of TSE DOO traded up C$0.97 during midday trading on Friday, reaching C$68.81. The company had a trading volume of 275,597 shares, compared to its average volume of 212,941. The stock has a market cap of C$2.37 billion, a P/E ratio of 20.85, a P/E/G ratio of 2.05 and a beta of 2.28. The company has a current ratio of 1.32, a quick ratio of 0.20 and a debt-to-equity ratio of 545.75. BRP has a 1 year low of C$66.70 and a 1 year high of C$105.27. The business's 50-day simple moving average is C$80.07 and its 200 day simple moving average is C$87.71.

BRP (TSE:DOO - Get Free Report) last issued its earnings results on Friday, September 6th. The company reported C$0.61 EPS for the quarter, beating analysts' consensus estimates of C$0.30 by C$0.31. BRP had a return on equity of 37.60% and a net margin of 2.77%. The firm had revenue of C$1.84 billion for the quarter, compared to analyst estimates of C$1.85 billion. On average, analysts forecast that BRP will post 6.890971 earnings per share for the current fiscal year.

BRP Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were issued a $0.21 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.22%. 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.