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

BRP (TSE:DOO) had its target price lowered by Citigroup from C$110.00 to C$101.00 in a report published on Monday morning, BayStreet.CA reports.

Several other analysts also recently issued reports on the company. Royal Bank of Canada lowered their price target on BRP from C$108.00 to C$99.00 in a report on Monday. CIBC decreased their target price on BRP from C$110.00 to C$100.00 and set an outperform rating for the company in a research report on Monday, June 3rd. Stifel Nicolaus dropped their target price on BRP from C$97.00 to C$82.00 in a report on Monday. Scotiabank lowered BRP from an outperform rating to a sector perform rating and reduced their price target for the stock from C$103.00 to C$91.00 in a research report on Monday. Finally, National Bank Financial cut BRP from a strong-buy rating to a hold rating in a report on Tuesday, August 20th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Hold and an average target price of C$96.00.

BRP Stock Performance

Shares of DOO opened at C$84.67 on Monday. BRP has a 52-week low of C$77.42 and a 52-week high of C$108.01. The company has a quick ratio of 0.20, a current ratio of 1.35 and a debt-to-equity ratio of 461.35. The company has a 50-day simple moving average of C$92.47 and a 200-day simple moving average of C$91.25. The company has a market capitalization of C$3.02 billion, a PE ratio of 11.37, a P/E/G ratio of 2.05 and a beta of 2.33.

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

BRP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Friday, September 27th. BRP’s dividend payout ratio (DPR) is currently 11.28%.

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.