BRP (NASDAQ:DOOO) Receives Neutral Rating from Robert W. Baird

Robert W. Baird restated their neutral rating on shares of BRP (NASDAQ:DOOO) in a research report sent to investors on Friday, Marketbeat.com reports. The firm currently has a $43.00 target price on the stock, down from their prior target price of $48.00.

A number of other analysts have also recently weighed in on DOOO. TD Securities restated a “hold” rating on shares of BRP in a report on Thursday, March 27th. Raymond James reissued a “strong-buy” rating on shares of BRP in a research note on Thursday, March 27th. Finally, Citigroup raised BRP from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $27.00 to $37.00 in a research report on Friday. Nine research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $61.25.

BRP Stock Down 0.1 %

DOOO opened at $35.36 on Friday. The company has a debt-to-equity ratio of 5.19, a quick ratio of 0.57 and a current ratio of 1.37. The company has a market capitalization of $2.58 billion, a PE ratio of 18.81 and a beta of 1.71. The stock’s fifty day moving average is $40.77 and its 200-day moving average is $48.67. BRP has a one year low of $33.05 and a one year high of $74.23.

BRP (NASDAQ:DOOO) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.62 by $0.07. BRP had a net margin of 2.29% and a return on equity of 61.20%. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.97 billion. On average, equities analysts predict that BRP will post 3.15 EPS for the current fiscal year.

BRP Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 4th will be paid a dividend of $0.1508 per share. This is an increase from BRP’s previous quarterly dividend of $0.15. This represents a $0.60 annualized dividend and a yield of 1.71%. The ex-dividend date is Friday, April 4th. BRP’s payout ratio is -29.21%.

Institutional Trading of BRP

Hedge funds and other institutional investors have recently modified their holdings of the business. Quadrant Capital Group LLC lifted its stake in BRP by 259.3% in the 4th quarter. Quadrant Capital Group LLC now owns 679 shares of the company’s stock worth $35,000 after acquiring an additional 490 shares in the last quarter. Signaturefd LLC lifted its position in shares of BRP by 296.1% in the fourth quarter. Signaturefd LLC now owns 1,208 shares of the company’s stock worth $61,000 after purchasing an additional 903 shares in the last quarter. Dnca Finance lifted its position in shares of BRP by 36.1% in the fourth quarter. Dnca Finance now owns 1,390 shares of the company’s stock worth $71,000 after purchasing an additional 369 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new position in BRP during the fourth quarter valued at approximately $77,000. Finally, Intact Investment Management Inc. acquired a new position in BRP in the 4th quarter valued at approximately $148,000.

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.