Citigroup Trims BRP (TSE:DOO) Target Price to C$101.00

BRP (TSE:DOO) had its target price reduced by Citigroup from C$110.00 to C$101.00 in a research note released on Monday, BayStreet.CA reports.

Other analysts have also recently issued research reports about the stock. Desjardins cut their target price on shares of BRP from C$116.00 to C$110.00 and set a buy rating for the company in a research note on Thursday, August 22nd. Stifel Nicolaus cut their price objective on BRP from C$97.00 to C$82.00 in a research note on Monday. TD Securities decreased their target price on BRP from C$100.00 to C$98.00 and set a hold rating on the stock in a research report on Monday, June 3rd. National Bankshares cut BRP from an outperform rating to a sector perform rating and dropped their price target for the stock from C$109.00 to C$100.00 in a research report on Wednesday, August 21st. Finally, Raymond James reduced their price objective on BRP from C$108.00 to C$100.00 in a research note on Monday, June 3rd. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, BRP presently has an average rating of Hold and a consensus price target of C$96.00.

BRP Stock Up 4.6 %

Shares of DOO opened at C$82.71 on Monday. The firm has a market cap of C$2.95 billion, a P/E ratio of 11.10, a PEG ratio of 2.05 and a beta of 2.33. BRP has a 12 month low of C$77.42 and a 12 month high of C$108.01. The stock’s 50 day moving average is C$92.56 and its two-hundred day moving average is C$91.30. The company has a current ratio of 1.35, a quick ratio of 0.20 and a debt-to-equity ratio of 461.35.

BRP (TSE:DOO) last announced its earnings results on Friday, September 6th. The company reported C$0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.30 by C$0.31. The firm had revenue of C$1.84 billion for the quarter, compared to analyst estimates of C$1.85 billion. BRP had a return on equity of 94.59% and a net margin of 5.83%. Analysts predict that BRP will post 8.3681507 earnings per share for the current fiscal year.

BRP Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Shareholders of record on Friday, September 27th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Friday, September 27th. BRP’s dividend payout ratio (DPR) is presently 11.28%.

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.