BRP (DOOO) Scheduled to Post Earnings on Thursday

BRP (NASDAQ:DOOO – Get Rating) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, March 23rd. Analysts expect BRP to post earnings of $2.77 per share for the quarter.

BRP Stock Performance

Shares of NASDAQ DOOO opened at $77.92 on Thursday. The company has a current ratio of 1.04, a quick ratio of 0.25 and a debt-to-equity ratio of 13.43. BRP has a 12 month low of $58.71 and a 12 month high of $90.42. The company has a 50 day simple moving average of $83.89 and a two-hundred day simple moving average of $74.46. The stock has a market cap of $6.14 billion, a price-to-earnings ratio of 11.58 and a beta of 2.29.

Hedge Funds Weigh In On BRP

Large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its holdings in shares of BRP by 11.0% during the first quarter. PNC Financial Services Group Inc. now owns 5,640 shares of the company’s stock worth $462,000 after buying an additional 560 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of BRP by 4.7% during the first quarter. Dimensional Fund Advisors LP now owns 12,914 shares of the company’s stock worth $1,056,000 after buying an additional 583 shares in the last quarter. Moors & Cabot Inc. grew its holdings in shares of BRP by 8.2% during the first quarter. Moors & Cabot Inc. now owns 2,638 shares of the company’s stock worth $216,000 after buying an additional 200 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of BRP by 2.6% during the first quarter. Vanguard Group Inc. now owns 1,200,665 shares of the company’s stock worth $98,202,000 after buying an additional 30,978 shares in the last quarter. Finally, Ergoteles LLC purchased a new stake in shares of BRP during the first quarter worth $425,000. 27.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. National Bank Financial lifted their price objective on shares of BRP from C$130.00 to C$139.00 in a research note on Thursday, March 2nd. Citigroup started coverage on shares of BRP in a research note on Monday, January 30th. They issued a “neutral” rating and a $92.00 target price for the company. Desjardins boosted their target price on shares of BRP from C$155.00 to C$156.00 in a research note on Thursday, December 1st. Finally, Scotiabank started coverage on shares of BRP in a research note on Friday, February 17th. They issued a “sector outperform” rating for the company. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $127.20.

About BRP

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BRP, Inc is a holding company, which engages in the design, development, manufacture, distribution, and marketing of power sports vehicles and marine products. The firm operates through the Powersports and Marine segments. The Powersports segment includes Year-Round Products, Seasonal Products and Powersports PA&A and OEM Engines.