BRP (NASDAQ:DOO) Upgraded to Hold at Zacks Research

BRP (NASDAQ:DOO) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other analysts have also recently weighed in on the company. Canaccord Genuity Group cut BRP from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th. Citigroup lowered their price objective on BRP from $75.00 to $74.00 and set a “buy” rating for the company in a research note on Friday, May 29th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of BRP in a research report on Monday, March 23rd. Wells Fargo & Company began coverage on BRP in a research note on Wednesday, March 11th. They issued an “overweight” rating on the stock. Finally, UBS Group reduced their price target on shares of BRP from $78.00 to $68.00 and set a “neutral” rating for the company in a report on Friday, June 5th. Four investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $83.00.

BRP Stock Down 3.8%

Shares of NASDAQ DOO opened at $58.71 on Tuesday. The company has a quick ratio of 0.61, a current ratio of 1.30 and a debt-to-equity ratio of 3.41. The stock has a 50-day simple moving average of $58.03. BRP has a 52-week low of $47.74 and a 52-week high of $81.89. The company has a market capitalization of $4.33 billion, a PE ratio of 22.15 and a beta of 0.89.

Institutional Trading of BRP

Several large investors have recently added to or reduced their stakes in DOO. Quarry LP bought a new stake in BRP during the 4th quarter valued at $30,000. Signaturefd LLC bought a new position in shares of BRP in the fourth quarter worth $43,000. Quadrant Capital Group LLC acquired a new position in shares of BRP during the fourth quarter valued at $89,000. PNC Financial Services Group Inc. acquired a new position in shares of BRP during the fourth quarter valued at $142,000. Finally, Intact Investment Management Inc. bought a new stake in shares of BRP during the fourth quarter valued at about $156,000.

BRP Company Profile

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.