BRP Inc. (TSE:DOO) Stock Has Consensus Target Price of C$103.93 According to Analysts

Shares of BRP Inc. (TSE:DOO) have received an average rating of “Moderate Buy” from the sixteen research firms that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$103.93.

Several research analysts have recently weighed in on the stock. TD Securities upgraded shares of BRP from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 18th. Citigroup raised their target price on shares of BRP from C$106.00 to C$110.00 and gave the stock a “buy” rating in a research report on Tuesday, September 8th. National Bank Financial upgraded shares of BRP from a “hold” rating to an “outperform” rating and boosted their target price for the company from C$98.00 to C$112.00 in a report on Thursday, September 3rd. Finally, TD upgraded shares of BRP from a “hold” rating to a “buy” rating and boosted their target price for the company from C$92.00 to C$106.00 in a report on Wednesday, August 19th.

BRP Stock Performance

BRP stock opened at C$77.40 on Friday. The stock has a fifty day moving average price of C$84.02 and a 200 day moving average price of C$84.49. BRP has a 52 week low of C$67.11 and a 52 week high of C$112.26. The firm has a market capitalization of C$5.51 billion, a P/E ratio of 51.26, a PEG ratio of 2.05 and a beta of 0.79. The company has a current ratio of 1.19, a quick ratio of 0.20 and a debt-to-equity ratio of 912.53.

BRP (TSE:DOO) last issued its quarterly earnings results on Thursday, September 3rd. The company reported C($0.18) earnings per share (EPS) for the quarter. The business had revenue of C$2.24 billion during the quarter. BRP had a return on equity of 20.51% and a net margin of 1.21%. Equities research analysts anticipate that BRP will post 6.89 earnings per share for the current year.

BRP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 13th. Shareholders of record on Tuesday, October 13th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $1.00 dividend on an annualized basis and a yield of 1.3%. BRP’s dividend payout ratio (DPR) is currently 61.59%.

BRP Company Profile

BRP Inc is a global leader in the world of powersports products and powertrains, built on over 80 years of ingenuity, innovation, and intensive consumer focus. Through its portfolio of industry-leading and distinctive brands featuring Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on- and off-road vehicles, Quintrex boats as well as Rotax engines for karts, recreational aircraft and jet boats, BRP unlocks exhilarating adventures and provides access to experiences across different playgrounds.