BRP (TSE:DOO) Price Target Raised to C$93.00 at National Bankshares

BRP (TSE:DOO) had its price objective boosted by National Bankshares from C$89.00 to C$93.00 in a research note issued to investors on Friday, BayStreet.CA reports.

A number of other analysts also recently weighed in on DOO. Royal Bank of Canada decreased their target price on shares of BRP from C$108.00 to C$99.00 in a research report on Monday, September 9th. Stifel Nicolaus dropped their target price on shares of BRP from C$97.00 to C$82.00 in a report on Monday, September 9th. CIBC cut shares of BRP from an “outperform” rating to a “neutral” rating and cut their price target for the company from C$100.00 to C$92.00 in a research report on Monday, September 9th. Canaccord Genuity Group set a C$90.00 price objective on BRP and gave the stock a “hold” rating in a research report on Wednesday, August 28th. Finally, Citigroup cut their target price on BRP from C$110.00 to C$101.00 in a research report on Monday, September 9th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$95.46.

BRP Price Performance

Shares of TSE:DOO opened at C$79.32 on Friday. The company has a debt-to-equity ratio of 545.75, a quick ratio of 0.20 and a current ratio of 1.32. BRP has a 52 week low of C$77.23 and a 52 week high of C$105.27. The firm has a market cap of C$2.73 billion, a PE ratio of 24.04, a price-to-earnings-growth ratio of 2.05 and a beta of 2.28. The firm’s fifty day moving average is C$86.91 and its 200-day moving average is C$90.22.

BRP (TSE:DOO) last announced its 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. The firm had revenue of C$1.84 billion for the quarter, compared to the consensus estimate of C$1.85 billion. BRP had a return on equity of 37.60% and a net margin of 2.77%. Sell-side analysts predict that BRP will post 6.890971 earnings per share for the current year.

BRP Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were given a dividend of $0.21 per share. The ex-dividend date was Friday, September 27th. This represents a $0.84 annualized dividend and a yield of 1.06%. BRP’s payout ratio is currently 25.45%.

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.