BRP Inc. (NASDAQ:DOOO) Given Average Recommendation of “Hold” by Analysts

BRP Inc. (NASDAQ:DOOO) has received a consensus rating of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $97.00.

DOOO has been the topic of a number of research reports. UBS Group reduced their target price on shares of BRP from $66.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. National Bank Financial downgraded BRP from an “outperform” rating to a “sector perform” rating in a report on Wednesday, August 21st. Citigroup lowered their target price on BRP from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, September 9th. Scotiabank lowered BRP from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, September 9th. Finally, Desjardins cut BRP from a “moderate buy” rating to a “hold” rating in a report on Sunday, September 8th.

BRP Stock Performance

NASDAQ:DOOO opened at $47.71 on Friday. The stock has a market capitalization of $3.48 billion, a P/E ratio of 19.80 and a beta of 2.07. The company has a current ratio of 1.32, a quick ratio of 0.37 and a debt-to-equity ratio of 4.99. BRP has a 1 year low of $47.36 and a 1 year high of $77.12. The firm has a 50 day moving average of $56.07 and a 200-day moving average of $63.24.

BRP (NASDAQ:DOOO) last posted its quarterly earnings data on Friday, September 6th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.23. BRP had a return on equity of 79.58% and a net margin of 2.78%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.35 billion. As a group, sell-side analysts anticipate that BRP will post 2.3 EPS for the current fiscal year.

BRP Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a $0.152 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.61 dividend on an annualized basis and a yield of 1.27%. BRP’s dividend payout ratio is presently 25.73%.

Institutional Trading of BRP

A number of institutional investors and hedge funds have recently modified their holdings of DOOO. US Bancorp DE grew its holdings in BRP by 350.0% during the third quarter. US Bancorp DE now owns 414 shares of the company’s stock valued at $25,000 after purchasing an additional 322 shares during the period. UniSuper Management Pty Ltd boosted its position in shares of BRP by 66.7% during the first quarter. UniSuper Management Pty Ltd now owns 500 shares of the company’s stock worth $34,000 after purchasing an additional 200 shares in the last quarter. Dnca Finance acquired a new position in shares of BRP in the 2nd quarter valued at $66,000. Spartan Fund Management Inc. acquired a new position in shares of BRP in the 3rd quarter valued at $72,000. Finally, DRW Securities LLC acquired a new stake in BRP during the 3rd quarter worth $161,000.

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.