National Bankshares Cuts BRP (TSE:DOO) Price Target to C$84.00

BRP (TSE:DOO) had its target price lowered by National Bankshares from C$93.00 to C$84.00 in a research note published on Thursday morning,BayStreet.CA reports.

Several other research analysts have also issued reports on the company. Cibc World Mkts lowered BRP from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 9th. National Bank Financial lowered BRP from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Canaccord Genuity Group set a C$90.00 price target on shares of BRP and gave the company a “hold” rating in a research report on Wednesday, August 28th. Desjardins cut shares of BRP from a “moderate buy” rating to a “hold” rating in a report on Sunday, September 8th. Finally, BMO Capital Markets cut their target price on shares of BRP from C$115.00 to C$100.00 in a report on Monday, September 9th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, BRP has a consensus rating of “Hold” and an average target price of C$94.77.

BRP Price Performance

Shares of DOO stock opened at C$67.80 on Thursday. The firm has a market cap of C$2.34 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 2.05 and a beta of 2.28. BRP has a 12 month low of C$65.32 and a 12 month high of C$102.46. The company has a quick ratio of 0.20, a current ratio of 1.32 and a debt-to-equity ratio of 545.75. The stock has a 50-day moving average price of C$75.21 and a 200 day moving average price of C$85.81.

BRP (TSE:DOO) last posted its quarterly earnings results 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. BRP had a net margin of 2.77% and a return on equity of 37.60%. The business had revenue of C$1.84 billion during the quarter, compared to the consensus estimate of C$1.85 billion. Research analysts expect that BRP will post 6.890971 EPS for the current year.

BRP Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 11th. Shareholders 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 1.24%. BRP’s dividend payout ratio (DPR) is presently 25.45%.

BRP Company Profile

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.