BRP Inc. (NASDAQ:DOOO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

BRP Inc. (NASDAQ:DOOO) has received a consensus recommendation of “Moderate Buy” from the seventeen brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, seven have assigned a buy recommendation and four have issued a strong buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $79.60.

DOOO has been the subject of several recent research reports. National Bankshares set a $105.00 target price on shares of BRP and gave the stock a “sector perform” rating in a research note on Tuesday, September 2nd. TD Securities reiterated a “buy” rating on shares of BRP in a research note on Tuesday, September 2nd. Canaccord Genuity Group upgraded shares of BRP from a “hold” rating to a “buy” rating in a research note on Tuesday, September 2nd. UBS Group increased their target price on shares of BRP from $35.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, September 5th. Finally, CIBC upgraded shares of BRP from a “neutral” rating to a “sector outperform” rating in a research note on Tuesday, September 2nd.

BRP Stock Performance

NASDAQ DOOO opened at $61.72 on Wednesday. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.34 and a quick ratio of 0.55. BRP has a 1 year low of $31.78 and a 1 year high of $68.45. The company has a market capitalization of $4.51 billion, a PE ratio of -257.17 and a beta of 1.21. The company has a fifty day moving average of $64.32 and a two-hundred day moving average of $52.31.

BRP (NASDAQ:DOOO) last released its quarterly earnings data on Friday, August 29th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.34. BRP had a negative net margin of 0.34% and a positive return on equity of 61.26%. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.77 billion. BRP has set its FY 2026 guidance at 3.090-3.460 EPS. As a group, analysts expect that BRP will post 3.15 earnings per share for the current year.

BRP Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were issued a dividend of $0.215 per share. This is an increase from BRP’s previous quarterly dividend of $0.16. This represents a $0.86 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 30th. BRP’s dividend payout ratio is currently -262.50%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DOOO. Osaic Holdings Inc. raised its holdings in BRP by 905.8% during the second quarter. Osaic Holdings Inc. now owns 694 shares of the company’s stock worth $34,000 after purchasing an additional 625 shares in the last quarter. Sagard Holdings Management Inc. purchased a new position in BRP during the second quarter worth about $41,000. Raymond James Financial Inc. purchased a new position in BRP during the second quarter worth about $60,000. Acadian Asset Management LLC purchased a new position in BRP during the first quarter worth about $70,000. Finally, State of Wyoming purchased a new position in BRP during the first quarter worth about $93,000.

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.