BRP (TSE:DOO) Price Target Raised to C$110.00 at Citigroup

BRP (TSE:DOO) had its target price upped by Citigroup from C$100.00 to C$110.00 in a report released on Tuesday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other research analysts have also recently weighed in on the company. DA Davidson boosted their target price on BRP from C$99.00 to C$105.00 in a report on Tuesday, April 2nd. Scotiabank dropped their target price on BRP from C$105.00 to C$103.00 and set a sector perform rating for the company in a report on Monday, June 3rd. Raymond James lowered their price target on shares of BRP from C$108.00 to C$100.00 in a research report on Monday, June 3rd. Stifel Nicolaus reduced their target price on shares of BRP from C$112.00 to C$106.00 and set a buy rating on the stock in a research note on Monday, June 3rd. Finally, Desjardins dropped their price target on shares of BRP from C$137.00 to C$116.00 and set a buy rating for the company in a research note on Monday, June 3rd. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of C$103.77.

BRP Trading Up 0.0 %

Shares of DOO opened at C$96.75 on Tuesday. BRP has a 52-week low of C$77.42 and a 52-week high of C$122.41. The stock has a market cap of C$3.53 billion, a PE ratio of 10.13, a price-to-earnings-growth ratio of 1.80 and a beta of 2.37. The firm’s fifty day moving average is C$89.29 and its two-hundred day moving average is C$90.57. The company has a quick ratio of 0.20, a current ratio of 1.41 and a debt-to-equity ratio of 362.62.

BRP (TSE:DOO) last posted its quarterly earnings results on Friday, May 31st. The company reported C$0.95 earnings per share for the quarter, topping the consensus estimate of C$0.88 by C$0.07. BRP had a net margin of 7.17% and a return on equity of 109.97%. The firm had revenue of C$2.03 billion for the quarter, compared to the consensus estimate of C$2.02 billion. Research analysts forecast that BRP will post 10.0525739 earnings per share for the current fiscal year.

BRP Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, July 12th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date was Friday, June 28th. BRP’s payout ratio is 8.87%.

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.