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

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

A number of other research analysts also recently weighed in on DOO. 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. Scotiabank downgraded BRP from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$103.00 to C$91.00 in a research note on Monday, September 9th. DA Davidson lowered their price objective on BRP from C$105.00 to C$96.00 and set a “buy” rating for the company in a research note on Tuesday, September 10th. Cibc World Mkts downgraded BRP from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 9th. Finally, CIBC downgraded BRP from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from C$100.00 to C$92.00 in a research note on Monday, September 9th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, BRP has a consensus rating of “Hold” and a consensus price target of C$94.77.

BRP Price Performance

Shares of DOO stock opened at C$67.80 on Thursday. The business has a fifty day simple moving average of C$75.21 and a 200 day simple moving average of C$85.75. The company has a market cap of C$2.34 billion, a P/E ratio of 20.55, a P/E/G ratio of 2.05 and a beta of 2.28. The company has a quick ratio of 0.20, a current ratio of 1.32 and a debt-to-equity ratio of 545.75. BRP has a twelve month low of C$65.32 and a twelve month high of C$102.46.

BRP (TSE:DOO) last issued its quarterly earnings data 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 return on equity of 37.60% and a net margin of 2.77%. The business had revenue of C$1.84 billion for the quarter, compared to analyst estimates of C$1.85 billion. On average, sell-side analysts forecast that BRP will post 6.890971 EPS for the current fiscal year.

BRP Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were issued a dividend of $0.21 per share. The ex-dividend date was Friday, September 27th. This represents a $0.84 dividend on an annualized basis and a dividend 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.