Brokerages Set BRP Inc. (TSE:DOO) PT at C$138.92

BRP Inc. (TSE:DOO – Get Rating) has received an average recommendation of “Buy” from the fourteen analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$138.92.

Several equities research analysts have commented on DOO shares. Robert W. Baird started coverage on BRP in a research report on Monday, March 28th. They issued a “buy” rating and a C$130.00 price objective on the stock. TD Securities upped their target price on BRP from C$115.00 to C$125.00 and gave the stock a “buy” rating in a research note on Monday, March 28th. UBS Group upped their target price on BRP from C$165.00 to C$185.00 and gave the stock a “buy” rating in a research note on Friday, April 1st. Royal Bank of Canada set a C$128.00 target price on BRP and gave the stock an “outperform” rating in a research note on Monday, April 4th. Finally, National Bank Financial upped their target price on BRP from C$124.00 to C$136.00 and gave the stock an “outperform” rating in a research note on Monday, March 28th.

BRP stock opened at C$99.90 on Wednesday. BRP has a 12 month low of C$73.74 and a 12 month high of C$129.98. The stock’s 50 day simple moving average is C$99.89 and its two-hundred day simple moving average is C$100.05. The firm has a market cap of C$7.86 billion and a PE ratio of 10.73.

BRP (TSE:DOO – Get Rating) last released its quarterly earnings data on Friday, March 25th. The company reported C$3.00 EPS for the quarter, topping the consensus estimate of C$2.50 by C$0.50. The company had revenue of C$2.35 billion during the quarter, compared to analysts’ expectations of C$2.28 billion. As a group, sell-side analysts forecast that BRP will post 11.9305514 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 18th. Investors of record on Monday, April 4th were paid a $0.16 dividend. This is an increase from BRP’s previous quarterly dividend of $0.13. This represents a $0.64 annualized dividend and a yield of 0.64%. The ex-dividend date was Friday, April 1st. BRP’s dividend payout ratio is currently 5.59%.

BRP Company Profile (Get Rating)

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 company operates through two segments, Powersports and Marine. It offers all-terrain, side-by-side, and three-wheeled vehicles; seasonal products, such as snowmobiles and personal watercraft; and engines for jet boats, outboards, karts, motorcycles, and recreational aircraft.

Recommended Stories