BRP (TSE:DOO) Reaches New 1-Year High – Still a Buy?

by · The Cerbat Gem

Shares of BRP Inc. (TSE:DOO – Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as C$98.86 and last traded at C$98.65, with a volume of 131574 shares. The stock had previously closed at C$97.05.

Analyst Ratings Changes

DOO has been the subject of a number of analyst reports. Citigroup upped their price objective on shares of BRP from C$102.00 to C$122.00 and gave the company a “buy” rating in a research report on Friday. Canaccord Genuity Group lifted their price objective on BRP from C$116.00 to C$118.00 in a report on Friday. TD Securities increased their target price on BRP from C$106.00 to C$119.00 and gave the company a “buy” rating in a research note on Friday. Cibc World Mkts upgraded shares of BRP from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 1st. Finally, Royal Bank Of Canada upped their price target on shares of BRP from C$107.00 to C$131.00 and gave the company an “outperform” rating in a report on Friday. Four research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$109.08.

View Our Latest Report on BRP

BRP Trading Up 1.0%

The company has a quick ratio of 0.20, a current ratio of 1.37 and a debt-to-equity ratio of 573.79. The firm’s 50 day moving average is C$92.23 and its two-hundred day moving average is C$79.09. The stock has a market cap of C$7.76 billion, a price-to-earnings ratio of -212.24, a price-to-earnings-growth ratio of 2.05 and a beta of 1.07.

BRP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, October 14th were issued a $0.215 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a $0.86 annualized dividend and a dividend yield of 0.8%. BRP’s dividend payout ratio (DPR) is -170.00%.

About BRP

(Get Free Report)

BRP designs, develops, manufactures, distributes, and markets snowmobiles, all-terrain vehicles, and personal watercraft under the Ski-Doo, Sea-Doo, Can-Am, and Lynx brand names. It also builds engines under the Rotax brand (after discontinuing the Evinrude outboard engine business in 2020) and offers clothing, parts, and accessories that cater to its core consumers.

Featured Articles