BRP Inc. (TSE:DOO) Receives Consensus Rating of “Hold” from Brokerages

BRP Inc. (TSE:DOO) has been given an average rating of “Hold” by the fourteen brokerages that are covering the company, MarketBeat reports. Ten research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$96.00.

A number of analysts recently weighed in on DOO shares. BMO Capital Markets dropped their target price on BRP from C$115.00 to C$100.00 in a research report on Monday, September 9th. CIBC lowered shares of BRP from an “outperform” rating to a “neutral” rating and reduced their target price for the company from C$100.00 to C$92.00 in a report on Monday, September 9th. Canaccord Genuity Group set a C$90.00 price target on shares of BRP and gave the stock a “hold” rating in a research note on Wednesday, August 28th. Scotiabank cut BRP from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$103.00 to C$91.00 in a research note on Monday, September 9th. Finally, Desjardins lowered BRP from a “moderate buy” rating to a “hold” rating in a research note on Sunday, September 8th.

BRP Price Performance

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 12 month low of C$77.42 and a 12 month high of C$108.01. The stock has a market cap of C$2.75 billion, a PE ratio of 24.68, a PEG ratio of 2.05 and a beta of 2.33. The business has a 50 day moving average of C$91.88 and a 200 day moving average of C$90.85.

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, 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 company had revenue of C$1.84 billion during the quarter, compared to analyst estimates of C$1.85 billion. On average, research analysts expect that BRP will post 5.7440056 EPS for the current fiscal year.

BRP Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 27th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of ∞. The ex-dividend date of this dividend is Friday, September 27th. BRP’s dividend payout ratio (DPR) is currently 25.45%.

About BRP

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.