Analysts Set BRP Inc. (NASDAQ:DOOO) Price Target at $94.75

Shares of BRP Inc. (NASDAQ:DOOO) have been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $94.75.

Separately, UBS Group reissued a “neutral” rating on shares of BRP in a report on Thursday, April 9th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Mackenzie Financial Corp lifted its position in shares of BRP by 7.4% during the 3rd quarter. Mackenzie Financial Corp now owns 3,057,000 shares of the company’s stock valued at $185,836,000 after acquiring an additional 209,576 shares during the period. Capital World Investors lifted its position in shares of BRP by 4.5% during the 3rd quarter. Capital World Investors now owns 2,323,013 shares of the company’s stock valued at $141,247,000 after acquiring an additional 100,000 shares during the period. Vanguard Group Inc. lifted its position in shares of BRP by 8.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,372,256 shares of the company’s stock valued at $83,437,000 after acquiring an additional 102,269 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of BRP by 519.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 729,921 shares of the company’s stock valued at $44,369,000 after acquiring an additional 612,113 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of BRP by 144.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 723,443 shares of the company’s stock valued at $24,460,000 after acquiring an additional 427,434 shares during the period.

BRP Trading Down 0.7%

Shares of BRP stock opened at $59.52 on Thursday. The firm has a market capitalization of $4.35 billion, a PE ratio of 160.86 and a beta of 1.26. The company has a current ratio of 1.23, a quick ratio of 0.49 and a debt-to-equity ratio of 4.31. The firm’s 50 day moving average is $58.87 and its 200 day moving average is $68.35. BRP has a 1 year low of $32.54 and a 1 year high of $78.07.

BRP Company Profile

BRP Inc, operating under the brand name Bombardier Recreational Products, is a leader in designing, manufacturing and distributing recreational vehicles and propulsion systems for winter, on-road, off-road and water lifestyles. The company’s diversified portfolio includes snowmobiles, personal watercraft, all-terrain vehicles and roadsters, all powered by in-house Rotax engines. With a focus on innovation and performance, BRP has positioned itself at the forefront of the powersports industry.

At the heart of BRP’s product lineup are its flagship Ski-Doo snowmobiles and Sea-Doo personal watercraft, which serve both recreational and professional segments.