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

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

A number of other brokerages have also weighed in on DOO. Raymond James dropped their price objective on BRP from C$108.00 to C$100.00 in a report on Monday, June 3rd. National Bank Financial lowered shares of BRP from a strong-buy rating to a hold rating in a research report on Tuesday, August 20th. National Bankshares downgraded shares of BRP from an outperform rating to a sector perform rating and reduced their price target for the company from C$109.00 to C$100.00 in a research report on Wednesday, August 21st. Canaccord Genuity Group set a C$90.00 price target on BRP and gave the stock a hold rating in a research note on Wednesday, August 28th. Finally, Citigroup raised their price objective on BRP from C$100.00 to C$110.00 and gave the company a buy rating in a research note on Tuesday, July 16th. Ten research 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, the stock currently has an average rating of Hold and a consensus target price of C$96.00.

BRP Price Performance

Shares of TSE DOO opened at C$82.71 on Monday. The company has a current ratio of 1.35, a quick ratio of 0.20 and a debt-to-equity ratio of 461.35. The stock has a market cap of C$2.95 billion, a P/E ratio of 11.10, a P/E/G ratio of 2.05 and a beta of 2.33. The stock has a 50 day moving average of C$92.56 and a two-hundred day moving average of C$91.30. BRP has a twelve month low of C$77.42 and a twelve month high of C$108.01.

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

BRP Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.84 annualized dividend and a dividend yield of 1.02%. BRP’s payout ratio 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.