BRP (NASDAQ:DOO) Stock Rating Upgraded by Wall Street Zen

BRP (NASDAQ:DOO) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

DOO has been the subject of several other reports. TD Securities raised shares of BRP from a “hold” rating to a “buy” rating in a report on Tuesday, August 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BRP in a report on Thursday, July 2nd. Zacks Research raised shares of BRP from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 30th. National Bank Financial reiterated a “sector perform” rating on shares of BRP in a research report on Wednesday. Finally, Raymond James Financial cut shares of BRP from a “strong-buy” rating to a “market perform” rating in a research note on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $83.00.

BRP Price Performance

NASDAQ DOO opened at $68.04 on Friday. The stock’s 50-day moving average price is $61.72 and its 200-day moving average price is $64.20. The company has a quick ratio of 0.61, a current ratio of 1.30 and a debt-to-equity ratio of 3.41. BRP has a 52 week low of $48.83 and a 52 week high of $81.89. The company has a market capitalization of $4.99 billion, a P/E ratio of 25.68 and a beta of 0.88.

Institutional Trading of BRP

Several hedge funds have recently modified their holdings of the company. Pictet Asset Management Holding SA raised its position in shares of BRP by 4.8% during the 1st quarter. Pictet Asset Management Holding SA now owns 7,156 shares of the company’s stock valued at $513,000 after buying an additional 331 shares in the last quarter. Deutsche Bank AG grew its position in BRP by 6.0% in the second quarter. Deutsche Bank AG now owns 7,124 shares of the company’s stock worth $435,000 after acquiring an additional 402 shares in the last quarter. State of Wyoming grew its position in BRP by 21.4% in the second quarter. State of Wyoming now owns 2,317 shares of the company’s stock worth $141,000 after acquiring an additional 408 shares in the last quarter. BlackRock Inc. increased its stake in BRP by 3.5% during the second quarter. BlackRock Inc. now owns 12,364 shares of the company’s stock worth $754,000 after acquiring an additional 417 shares during the last quarter. Finally, Quarry LP bought a new stake in BRP during the fourth quarter worth approximately $30,000.

About BRP

BRP Inc, headquartered in Valcourt, Quebec, designs, manufactures and distributes powersports vehicles and propulsion systems for recreational and utility use. The company traces its roots to the Bombardier family and the early development of the snowmobile, and it operates as a global manufacturer of recreational vehicles and related technologies.

BRP’s product portfolio includes snowmobiles, personal watercraft and sport boats, off-road vehicles (including all-terrain and side-by-side models) and three‑wheel on‑road vehicles.