Analysts Set BRP Inc. (TSE:DOO) PT at C$96.00

Shares of BRP Inc. (TSE:DOO - Get Free Report) have received a consensus rating of "Hold" from the fourteen research firms that are presently covering the firm, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$96.00.

DOO has been the topic of several research analyst reports. DA Davidson lowered their target price on shares of BRP from C$105.00 to C$96.00 and set a "buy" rating on the stock in a research note on Tuesday, September 10th. CIBC downgraded shares of BRP from an "outperform" rating to a "neutral" rating and cut their target price for the stock from C$100.00 to C$92.00 in a research report on Monday, September 9th. Royal Bank of Canada decreased their target price on shares of BRP from C$108.00 to C$99.00 in a research note on Monday, September 9th. Citigroup dropped their price target on BRP from C$110.00 to C$101.00 in a research note on Monday, September 9th. Finally, BMO Capital Markets cut their price objective on BRP from C$115.00 to C$100.00 in a report on Monday, September 9th.

BRP Stock Down 0.3 %

Shares of DOO traded down C$0.22 during mid-day trading on Friday, reaching C$83.48. The company had a trading volume of 301,227 shares, compared to its average volume of 203,063. The company has a debt-to-equity ratio of 545.75, a quick ratio of 0.20 and a current ratio of 1.32. The company has a market capitalization of C$2.88 billion, a price-to-earnings ratio of 25.30, a price-to-earnings-growth ratio of 2.05 and a beta of 2.33. The firm has a 50-day moving average price of C$91.99 and a 200 day moving average price of C$90.95. BRP has a 52 week low of C$77.42 and a 52 week high of C$108.01.

BRP (TSE:DOO - Get Free Report) last announced its quarterly earnings results on Friday, September 6th. The company reported C$0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of C$1.84 billion for the quarter, compared to analysts' expectations of C$1.85 billion. On average, sell-side analysts forecast that BRP will post 5.7454423 EPS for the current year.

BRP Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, September 27th. BRP's dividend payout ratio is currently 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.