BRP (TSE:DOO) Upgraded by Citigroup to “Neutral” Rating

Citigroup upgraded shares of BRP (TSE:DOO) from a sell rating to a neutral rating in a report released on Friday morning,BayStreet.CA reports. Citigroup currently has C$52.00 target price on the stock, up from their previous target price of C$39.00.

DOO has been the topic of a number of other research reports. BMO Capital Markets lowered their target price on shares of BRP from C$100.00 to C$70.00 in a research note on Thursday, March 27th. Royal Bank of Canada dropped their price objective on BRP from C$99.00 to C$69.00 in a research note on Friday, March 28th. TD Securities decreased their target price on BRP from C$70.00 to C$65.00 and set a “hold” rating on the stock in a research note on Thursday, March 27th. Raymond James dropped their price target on BRP from C$98.00 to C$65.00 in a research note on Thursday, March 27th. Finally, Scotiabank reduced their price objective on shares of 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. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$72.23.

BRP Price Performance

TSE DOO opened at C$50.33 on Friday. The company has a current ratio of 1.37, a quick ratio of 0.20 and a debt-to-equity ratio of 573.79. BRP has a 12 month low of C$47.16 and a 12 month high of C$102.16. The stock has a market cap 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 50 day moving average is C$58.43 and its two-hundred day moving average is C$68.46.

BRP Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, April 18th will be given a $0.215 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.86 annualized dividend and a yield of 1.71%. This is a positive change from BRP’s previous quarterly dividend of $0.21. BRP’s dividend payout ratio (DPR) is currently 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.