BRP (TSE:DOO) Given New C$80.00 Price Target at Canaccord Genuity Group

BRP (TSE:DOO) had its target price cut by Canaccord Genuity Group from C$88.00 to C$80.00 in a report released on Wednesday morning,BayStreet.CA reports.

Several other research firms also recently issued reports on DOO. Scotiabank downgraded BRP from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$103.00 to C$91.00 in a research note on Monday, September 9th. BMO Capital Markets decreased their price objective on BRP from C$115.00 to C$100.00 in a report on Monday, September 9th. DA Davidson reduced their price target on BRP from C$105.00 to C$96.00 and set a “buy” rating on the stock in a research report on Tuesday, September 10th. Desjardins downgraded BRP from a “moderate buy” rating to a “hold” rating in a research report on Sunday, September 8th. Finally, TD Securities decreased their price objective on shares of BRP from C$95.00 to C$81.00 and set a “hold” rating on the stock in a research note on Tuesday. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$92.69.

BRP Price Performance

DOO opened at C$67.90 on Wednesday. The company has a fifty day simple moving average of C$74.29 and a 200 day simple moving average of C$85.29. 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 market cap of C$2.34 billion, a P/E ratio of 20.58, a P/E/G 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.

BRP (TSE:DOO) last released its quarterly earnings results on Friday, September 6th. The company reported C$0.61 EPS for the quarter, topping analysts’ consensus estimates of C$0.30 by C$0.31. BRP had a return on equity of 37.60% and a net margin of 2.77%. The company had revenue of C$1.84 billion for the quarter, compared to analyst estimates of C$1.85 billion. On average, research analysts expect that BRP will post 6.890971 EPS for the current year.

BRP Dividend Announcement

The company also recently announced 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. This represents a $0.84 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date of this dividend was Friday, September 27th. BRP’s dividend payout ratio is presently 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.