Analysts Set BRP Inc. (TSE:DOO) Price Target at C$105.23

BRP Inc. (TSE:DOO) has been assigned an average recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$105.23.

A number of analysts have recently commented on DOO shares. CIBC upped their price target on BRP from C$106.00 to C$110.00 in a research note on Monday, April 1st. Desjardins decreased their price objective on BRP from C$117.00 to C$112.00 and set a “buy” rating for the company in a research report on Monday, March 25th. Scotiabank decreased their price objective on BRP from C$109.00 to C$105.00 and set an “outperform” rating for the company in a research report on Tuesday, March 26th. TD Securities boosted their price objective on BRP from C$95.00 to C$100.00 in a research report on Monday, April 1st. Finally, Stifel Nicolaus boosted their price objective on BRP from C$100.00 to C$112.00 in a research report on Monday, April 1st.

BRP Stock Performance

Shares of DOO stock opened at C$93.95 on Wednesday. The company has a debt-to-equity ratio of 438.99, a current ratio of 1.40 and a quick ratio of 0.20. The stock has a market cap of C$3.29 billion, a PE ratio of 8.15, a price-to-earnings-growth ratio of 1.94 and a beta of 2.41. The stock has a 50-day moving average of C$91.11 and a 200-day moving average of C$92.44. BRP has a one year low of C$77.42 and a one year high of C$122.41.

BRP (TSE:DOO) last announced its quarterly earnings results on Thursday, March 28th. The company reported C$2.46 EPS for the quarter, missing analysts’ consensus estimates of C$2.63 by C($0.17). The company had revenue of C$2.69 billion during the quarter, compared to the consensus estimate of C$2.79 billion. BRP had a net margin of 8.56% and a return on equity of 210.20%. As a group, sell-side analysts expect that BRP will post 10.0451745 earnings per share for the current year.

BRP Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 8th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, April 5th. This represents a $0.84 dividend on an annualized basis and a yield of 0.89%. This is an increase from BRP’s previous quarterly dividend of $0.18. BRP’s dividend payout ratio is 6.24%.

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.