BRP (TSE:DOO) Price Target Lowered to C$82.00 at Stifel Nicolaus

BRP (TSE:DOO) had its price target decreased by Stifel Nicolaus from C$97.00 to C$82.00 in a report released on Monday, BayStreet.CA reports.

Several other analysts have also recently issued reports on the stock. Canaccord Genuity Group set a C$90.00 price target on shares of BRP and gave the stock a hold rating in a research report on Wednesday, August 28th. Royal Bank of Canada lowered their price target on BRP from C$110.00 to C$108.00 and set an outperform rating for the company in a report on Monday, June 3rd. National Bank Financial cut BRP from a strong-buy rating to a hold rating in a research report on Tuesday, August 20th. National Bankshares lowered shares of BRP from an outperform rating to a sector perform rating and dropped their price objective for the company from C$109.00 to C$100.00 in a research note on Wednesday, August 21st. Finally, Desjardins cut their price target on BRP from C$116.00 to C$110.00 and set a buy rating for the company in a research note on Thursday, August 22nd. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of C$96.00.

BRP Trading Up 2.4 %

Shares of DOO stock opened at C$84.67 on Monday. BRP has a 1-year low of C$77.42 and a 1-year high of C$108.01. The company has a market cap of C$3.02 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 2.05 and a beta of 2.33. The company has a debt-to-equity ratio of 461.35, a current ratio of 1.35 and a quick ratio of 0.20. The stock has a 50 day simple moving average of C$92.47 and a 200-day simple moving average of C$91.25.

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

BRP Dividend Announcement

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