Citigroup Downgrades BRP (NASDAQ:DOOO) to Neutral

BRP (NASDAQ:DOOO) was downgraded by stock analysts at Citigroup from a “buy” rating to a “neutral” rating in a report issued on Monday, MarketBeat Ratings reports.

BRP Stock Up 0.6 %

DOOO stock opened at $44.23 on Monday. The firm has a 50-day moving average price of $50.88 and a 200-day moving average price of $56.96. BRP has a 12 month low of $41.10 and a 12 month high of $75.59. The company has a current ratio of 1.37, a quick ratio of 0.57 and a debt-to-equity ratio of 5.19. The stock has a market capitalization of $3.23 billion, a P/E ratio of 23.53 and a beta of 2.02.

BRP (NASDAQ:DOOO) last issued its quarterly earnings data on Friday, December 6th. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.50 by $0.35. BRP had a net margin of 2.29% and a return on equity of 61.20%. As a group, equities research analysts anticipate that BRP will post 3.15 EPS for the current fiscal year.

Institutional Trading of BRP

Several hedge funds and other institutional investors have recently made changes to their positions in DOOO. Dimensional Fund Advisors LP increased its holdings in BRP by 177.1% in the second quarter. Dimensional Fund Advisors LP now owns 87,785 shares of the company’s stock valued at $5,621,000 after purchasing an additional 56,110 shares during the period. Creative Planning bought a new stake in shares of BRP in the 3rd quarter valued at about $227,000. Spartan Fund Management Inc. bought a new position in shares of BRP during the third quarter worth about $72,000. US Bancorp DE lifted its stake in shares of BRP by 350.0% in the third quarter. US Bancorp DE now owns 414 shares of the company’s stock worth $25,000 after acquiring an additional 322 shares during the period. Finally, Ceredex Value Advisors LLC boosted its holdings in BRP by 27.5% in the third quarter. Ceredex Value Advisors LLC now owns 221,684 shares of the company’s stock valued at $13,233,000 after acquiring an additional 47,800 shares during the last quarter.

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.