Canaccord Genuity Group Has Lowered Expectations for BRP (TSE:DOO) Stock Price

BRP (TSE:DOO) had its price target cut by Canaccord Genuity Group from C$88.00 to C$80.00 in a research report sent to investors on Wednesday,BayStreet.CA reports.

DOO has been the subject of a number of other reports. BMO Capital Markets reduced their price target on shares of BRP from C$115.00 to C$100.00 in a research report on Monday, September 9th. Stifel Nicolaus lowered their target price on BRP from C$97.00 to C$82.00 in a research note on Monday, September 9th. TD Securities decreased their price objective on BRP from C$95.00 to C$81.00 and set a “hold” rating for the company in a report on Tuesday. Royal Bank of Canada dropped their target price on shares of BRP from C$108.00 to C$99.00 in a report on Monday, September 9th. Finally, Desjardins downgraded shares of BRP from a “moderate buy” rating to a “hold” rating in a research note on Sunday, September 8th. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, BRP has a consensus rating of “Hold” and a consensus price target of C$92.69.

BRP Stock Up 1.3 %

Shares of TSE DOO opened at C$67.90 on Wednesday. BRP has a 1 year low of C$65.32 and a 1 year high of C$102.46. The company has a debt-to-equity ratio of 545.75, a current ratio of 1.32 and a quick ratio of 0.20. The company has a 50-day moving average price of C$74.29 and a 200-day moving average price of C$85.29. The stock has a market capitalization of C$2.34 billion, a P/E ratio of 20.58, a P/E/G ratio of 2.05 and a beta of 2.28.

BRP (TSE:DOO) last posted its earnings results on Friday, September 6th. The company reported C$0.61 earnings per share 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 firm had revenue of C$1.84 billion during the quarter, compared to the consensus estimate of C$1.85 billion. On average, equities research analysts forecast that BRP will post 6.890971 EPS for the current fiscal year.

BRP Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.24%. BRP’s dividend payout ratio (DPR) is presently 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.