BRP (NASDAQ:DOOO) Price Target Increased to C$138.00 by Analysts at Raymond James

BRP (NASDAQ:DOOOGet Rating) had its price objective increased by Raymond James from C$135.00 to C$138.00 in a research report report published on Thursday, The Fly reports.

Other analysts also recently issued research reports about the stock. Royal Bank of Canada reduced their price target on shares of BRP from C$128.00 to C$111.00 in a research report on Monday, June 6th. Desjardins reissued a buy rating on shares of BRP in a research report on Monday, June 6th. Scotiabank dropped their price target on shares of BRP from C$133.00 to C$126.00 in a research report on Monday, June 6th. Finally, Stifel Nicolaus decreased their price objective on BRP from C$150.00 to C$145.00 in a report on Monday, June 6th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, BRP presently has a consensus rating of Moderate Buy and an average target price of $130.92.

BRP Trading Down 4.3 %

DOOO opened at $70.93 on Thursday. The company has a market cap of $5.58 billion, a P/E ratio of 11.19 and a beta of 2.53. The company has a fifty day moving average price of $72.29 and a two-hundred day moving average price of $72.71. BRP has a 1-year low of $57.38 and a 1-year high of $99.05.

BRP (NASDAQ:DOOOGet Rating) last issued its earnings results on Wednesday, September 14th. The company reported $2.94 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.91. The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.30 billion. BRP had a negative return on equity of 305.74% and a net margin of 8.79%. The firm’s revenue was up 28.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.35 EPS. On average, research analysts forecast that BRP will post 8.82 EPS for the current fiscal year.

BRP Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be given a dividend of $0.122 per share. This represents a $0.49 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date is Thursday, September 29th. BRP’s payout ratio is 8.04%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp raised its stake in shares of BRP by 20.2% during the 4th quarter. Mackenzie Financial Corp now owns 5,746,540 shares of the company’s stock worth $503,373,000 after purchasing an additional 966,038 shares during the period. Beutel Goodman & Co Ltd. increased its holdings in BRP by 205.9% during the first quarter. Beutel Goodman & Co Ltd. now owns 3,113,867 shares of the company’s stock worth $255,069,000 after buying an additional 2,095,781 shares during the last quarter. Vanguard Group Inc. raised its position in BRP by 2.6% in the first quarter. Vanguard Group Inc. now owns 1,200,665 shares of the company’s stock worth $98,202,000 after acquiring an additional 30,978 shares during the period. Invesco Ltd. boosted its stake in BRP by 103.1% in the first quarter. Invesco Ltd. now owns 802,926 shares of the company’s stock valued at $65,671,000 after acquiring an additional 407,545 shares during the last quarter. Finally, Bank of Montreal Can grew its position in shares of BRP by 8.1% during the 2nd quarter. Bank of Montreal Can now owns 765,905 shares of the company’s stock valued at $50,870,000 after acquiring an additional 57,074 shares during the period. Hedge funds and other institutional investors own 27.35% of the company’s stock.

About BRP

(Get Rating)

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 company operates through two segments, Powersports and Marine. It offers all-terrain, side-by-side, and three-wheeled vehicles; seasonal products, such as snowmobiles and personal watercraft; and engines for jet boats, outboards, karts, motorcycles, and recreational aircraft.

See Also

The Fly logo

Analyst Recommendations for BRP (NASDAQ:DOOO)

Receive News & Ratings for BRP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRP and related companies with MarketBeat.com's FREE daily email newsletter.