BRP (TSE:DOO) Raised to “Neutral” at Citigroup

Citigroup upgraded shares of BRP (TSE:DOO) from a sell rating to a neutral rating in a research note issued to investors on Friday,BayStreet.CA reports. They currently have C$52.00 price objective on the stock, up from their prior price objective of C$39.00.

DOO has been the topic of a number of other research reports. Scotiabank lowered their price target on BRP from C$91.00 to C$86.00 and set a “sector perform” rating on the stock in a research report on Monday, December 9th. TD Securities dropped their target price on BRP from C$70.00 to C$65.00 and set a “hold” rating for the company in a research report on Thursday, March 27th. CIBC reduced their price target on shares of BRP from C$82.00 to C$64.00 in a research report on Thursday, March 27th. DA Davidson lowered their price objective on shares of BRP from C$96.00 to C$88.00 in a report on Tuesday, December 10th. Finally, Canaccord Genuity Group reduced their target price on shares of BRP from C$80.00 to C$60.00 in a report on Friday, March 21st. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$72.23.

BRP Price Performance

Shares of TSE:DOO opened at C$50.33 on Friday. BRP has a one year low of C$47.16 and a one year high of C$102.16. The company has a debt-to-equity ratio of 573.79, a current ratio of 1.37 and a quick ratio of 0.20. The firm has a market capitalization of C$3.70 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 2.05 and a beta of 2.28. The company’s fifty day moving average price is C$58.43 and its 200-day moving average price is C$68.46.

BRP Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 18th will be paid a $0.215 dividend. The ex-dividend date is Friday, April 4th. This is a boost from BRP’s previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a dividend yield of 1.71%. BRP’s dividend payout ratio (DPR) is presently 31.66%.

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.