BRP Inc. (NASDAQ:DOOO) Receives Average Recommendation of “Moderate Buy” from Analysts

BRP Inc. (NASDAQ:DOOO) has received an average rating of “Moderate Buy” from the five research firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $106.29.

A number of equities analysts have recently issued reports on DOOO shares. Desjardins upped their target price on shares of BRP from $112.00 to $137.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. CIBC lowered their target price on BRP from $110.00 to $100.00 and set an “outperformer” rating for the company in a research note on Monday, June 3rd. Raymond James cut their price target on BRP from $114.00 to $108.00 and set a “strong-buy” rating on the stock in a research note on Monday, April 1st. Finally, Citigroup lifted their price objective on BRP from $73.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday.

BRP Trading Down 1.8 %

DOOO stock opened at $69.33 on Friday. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.35 and a quick ratio of 0.46. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of 12.54 and a beta of 2.06. The business has a fifty day moving average price of $65.24 and a 200 day moving average price of $66.64. BRP has a fifty-two week low of $57.15 and a fifty-two week high of $92.74.

BRP (NASDAQ:DOOO) last released its quarterly earnings results on Friday, May 31st. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.49 billion. BRP had a return on equity of 101.72% and a net margin of 5.87%. Analysts expect that BRP will post 4.49 EPS for the current fiscal year.

BRP Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were paid a $0.152 dividend. This represents a $0.61 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Friday, June 28th. BRP’s payout ratio is 11.03%.

Hedge Funds Weigh In On BRP

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DOOO. UniSuper Management Pty Ltd raised its position in shares of BRP by 66.7% in the 1st quarter. UniSuper Management Pty Ltd now owns 500 shares of the company’s stock valued at $34,000 after acquiring an additional 200 shares during the period. Trivant Custom Portfolio Group LLC acquired a new stake in BRP in the first quarter worth $50,000. Dnca Finance bought a new position in shares of BRP during the second quarter worth $66,000. Clearbridge Investments LLC acquired a new position in shares of BRP in the 4th quarter valued at $211,000. Finally, Vestmark Advisory Solutions Inc. bought a new stake in shares of BRP in the 4th quarter valued at $215,000.

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.