BRP Inc. (NASDAQ:DOOO) Receives Consensus Recommendation of “Hold” from Analysts

BRP Inc. (NASDAQ:DOOO) has received an average recommendation of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $97.00.

Separately, Citigroup lowered BRP from a “buy” rating to a “neutral” rating in a research note on Monday, February 3rd.

Institutional Investors Weigh In On BRP

Hedge funds have recently bought and sold shares of the business. Creative Planning bought a new position in BRP during the 3rd quarter worth approximately $227,000. US Bancorp DE lifted its holdings in BRP by 350.0% during the 3rd quarter. US Bancorp DE now owns 414 shares of the company’s stock worth $25,000 after buying an additional 322 shares during the last quarter. Ceredex Value Advisors LLC lifted its holdings in BRP by 27.5% during the 3rd quarter. Ceredex Value Advisors LLC now owns 221,684 shares of the company’s stock worth $13,233,000 after buying an additional 47,800 shares during the last quarter. Van ECK Associates Corp lifted its holdings in BRP by 18.6% during the 3rd quarter. Van ECK Associates Corp now owns 9,520 shares of the company’s stock worth $567,000 after buying an additional 1,490 shares during the last quarter. Finally, Fiera Capital Corp lifted its holdings in BRP by 2.1% during the 3rd quarter. Fiera Capital Corp now owns 112,768 shares of the company’s stock worth $6,720,000 after buying an additional 2,340 shares during the last quarter.

BRP Price Performance

DOOO stock opened at $39.13 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. BRP has a 1 year low of $39.05 and a 1 year high of $75.59. The firm has a market cap of $2.86 billion, a P/E ratio of 20.81 and a beta of 2.02. The stock has a 50-day simple moving average of $48.06 and a 200-day simple moving average of $53.96.

BRP (NASDAQ:DOOO) last posted its earnings results on Friday, December 6th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.35. BRP had a return on equity of 61.20% and a net margin of 2.29%. On average, equities analysts predict that BRP will post 3.15 earnings per share for the current fiscal year.

BRP Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.1485 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.59 dividend on an annualized basis and a yield of 1.52%. BRP’s dividend payout ratio (DPR) is presently 30.85%.

About BRP

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.