BRP (TSE:DOO) PT Lowered to C$131.00 at National Bankshares

BRP (TSE:DOO) had its price target trimmed by National Bankshares from C$135.00 to C$131.00 in a report issued on Tuesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other equities research analysts have also recently issued reports about the company. National Bank Financial increased their target price on BRP to C$135.00 and gave the stock an outperform rating in a research note on Friday, September 3rd. BMO Capital Markets raised BRP from a market perform rating to an outperform rating and increased their target price for the stock from C$100.00 to C$154.00 in a research note on Tuesday, September 7th. CIBC raised BRP from a neutral rating to an outperform rating and increased their target price for the stock from C$108.00 to C$134.00 in a research note on Friday, September 3rd. Raymond James increased their target price on BRP from C$122.00 to C$137.00 in a research note on Saturday, September 4th. Finally, TD Securities increased their target price on BRP from C$120.00 to C$140.00 and gave the stock a buy rating in a research note on Friday, September 3rd. Eight research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of Buy and a consensus price target of C$132.00.

Shares of DOO stock opened at C$103.79 on Tuesday. The stock has a market cap of C$8.37 billion and a price-to-earnings ratio of 9.97. The business’s fifty day moving average is C$115.90 and its 200 day moving average is C$106.95. BRP has a twelve month low of C$71.89 and a twelve month high of C$129.98.

BRP (TSE:DOO) last issued its quarterly earnings results on Thursday, September 2nd. The company reported C$2.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.29 by C$1.60. The firm had revenue of C$1.90 billion during the quarter, compared to analysts’ expectations of C$1.69 billion. As a group, equities research analysts predict that BRP will post 10.3000089 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 14th. Investors of record on Thursday, September 30th were given a dividend of $0.13 per share. The ex-dividend date was Tuesday, September 28th. This represents a $0.52 annualized dividend and a dividend yield of 0.50%. BRP’s dividend payout ratio (DPR) is presently 3.55%.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products worldwide. It operates in two segments, Powersports and Marine. The company offers all-terrain, side-by-side, and three-wheeled vehicles; seasonal products, such as snowmobiles and personal watercraft; and engines for jet boats, outboards, karts, motorcycles, and recreational aircraft.

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Analyst Recommendations for BRP (TSE:DOO)

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