BRP Inc. (NASDAQ:DOO) to Issue Quarterly Dividend of C$0.25

BRP Inc. (NASDAQ:DOO) announced a quarterly dividend on Wednesday, September 2nd. Stockholders of record on Tuesday, September 29th will be given a dividend of 0.25 per share on Tuesday, October 13th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Tuesday, September 29th.

BRP Stock Performance

DOO traded up $0.92 during midday trading on Thursday, reaching $64.22. The company had a trading volume of 1,168,233 shares, compared to its average volume of 309,469. The business has a 50-day moving average of $62.04 and a two-hundred day moving average of $63.29. The company has a quick ratio of 0.61, a current ratio of 1.30 and a debt-to-equity ratio of 3.41. BRP has a 1 year low of $48.83 and a 1 year high of $81.89. The company has a market cap of $4.71 billion, a P/E ratio of 24.23 and a beta of 0.88.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DOO. Wall Street Zen raised shares of BRP from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. Royal Bank Of Canada reissued an “outperform” rating on shares of BRP in a research note on Friday, May 29th. UBS Group lowered their target price on shares of BRP from $78.00 to $68.00 and set a “neutral” rating on the stock in a research note on Friday, June 5th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of BRP in a report on Friday, May 29th. Finally, Scotiabank restated a “sector perform” rating on shares of BRP in a research report on Friday, July 24th. Six investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $83.00.

BRP Company Profile

BRP Inc, headquartered in Valcourt, Quebec, designs, manufactures and distributes powersports vehicles and propulsion systems for recreational and utility use. The company traces its roots to the Bombardier family and the early development of the snowmobile, and it operates as a global manufacturer of recreational vehicles and related technologies.

BRP’s product portfolio includes snowmobiles, personal watercraft and sport boats, off-road vehicles (including all-terrain and side-by-side models) and three‑wheel on‑road vehicles.