BRP (TSE:DOO) Cut to “Sector Perform” on National Bankshares

National Bankshares cut shares from BRP (TSE:DOO – Free Report) from an outperform rating to a sector perform rating in a research note on Wednesday, BayStreet.CA reports. National Bankshares currently has a $100.00 price objective on the stock, down from their previous price objective of $109.00.

Other analysts have recently issued reports on the stock. Citigroup boosted their target price on shares of BRP from $100.00 to $110.00 and gave the stock a buy rating in a research report on Tuesday, July 16th. CIBC reduced their price objective on shares of BRP from $110.00 to $100.00 and set an outperform rating on the stock in a report on Monday, June 3rd. TD Securities cut their price target on shares of BRP from $100.00 to $98.00 and set a hold rating for the company in a report on Monday, June 3rd. Scotiabank decreased their price target on BRP from $105.00 to $103.00 and set a sector perform rating on the stock in a research report on Monday, June 3rd. Finally, Raymond James cut their price objective on BRP from $108.00 to $100.00 in a research report on Monday, June 3rd. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $102.38.

Check out our latest research report on BRP

BRP stock falls 1.3%

Shares of DOO stock opened at $92.85 on Wednesday. BRP has a fifty-two week low of $77.42 and a fifty-two week high of $109.96. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 12.46, a price-to-earnings-growth ratio of 2.05 and a beta of 2.33. The company’s 50-day moving average price is $91.49, and its two-hundred-day moving average price is $91.23. The company has a debt-to-equity ratio of 461.35, a quick ratio of 0.20, and a current ratio of 1.35.

BRP (TSE:DOO – Get Your Free Report ) last released its quarterly earnings results on Friday, May 31st. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.07. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $2.02 billion. BRP had a return on equity of 94.59% and a net margin of 5.83%. As a group, analysts forecast that BRP will post 9.1208251 earnings per share for the current fiscal year.

BRP Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, July 12th were given a dividend of $0.21 per share. The ex-dividend date was Friday, June 28. This represents an annualized dividend of $0.84 and a yield of 0.90%. BRP’s dividend payout ratio is 11.28%.

About BRP

(Get a free report)

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes and markets motorsport vehicles and marine products in the United States, Canada, Europe, Asia Pacific, Mexico, Austria and internationally. The Powersports segment offers year-round products such as Can-Am off-road vehicles, side-by-side vehicles and three-wheelers; and seasonal products including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercraft and pontoons, Rotax go-kart and recreational aircraft engines, and Pinion transmissions with intelligent shift systems.

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