BRP Inc. (NASDAQ:DOOO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

BRP Inc. (NASDAQ:DOOO) has earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $111.75.

DOOO has been the topic of a number of recent research reports. Desjardins increased their price objective on BRP from $112.00 to $137.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. TheStreet cut BRP from a “b-” rating to a “c+” rating in a report on Monday, February 26th. Raymond James dropped their price objective on BRP from $114.00 to $108.00 and set a “strong-buy” rating for the company in a report on Monday, April 1st. Finally, CIBC raised their target price on shares of BRP from $106.00 to $110.00 and gave the company an “outperformer” rating in a research note on Monday, April 1st.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Toronto Dominion Bank lifted its holdings in shares of BRP by 39.6% during the 3rd quarter. Toronto Dominion Bank now owns 28,554 shares of the company’s stock valued at $2,166,000 after purchasing an additional 8,105 shares in the last quarter. TD Asset Management Inc raised its holdings in BRP by 21.2% during the 3rd quarter. TD Asset Management Inc now owns 249,781 shares of the company’s stock worth $18,994,000 after buying an additional 43,663 shares during the period. Royal Bank of Canada lifted its stake in BRP by 34.0% in the third quarter. Royal Bank of Canada now owns 589,213 shares of the company’s stock valued at $44,697,000 after buying an additional 149,529 shares in the last quarter. Westfield Capital Management Co. LP boosted its holdings in shares of BRP by 10.9% in the third quarter. Westfield Capital Management Co. LP now owns 1,094,083 shares of the company’s stock valued at $82,997,000 after buying an additional 107,383 shares during the period. Finally, Aigen Investment Management LP bought a new stake in shares of BRP during the third quarter worth $600,000.

BRP Stock Performance

Shares of NASDAQ:DOOO opened at $68.74 on Monday. The business has a fifty day moving average of $67.04 and a 200-day moving average of $68.09. The firm has a market cap of $5.21 billion, a PE ratio of 9.79 and a beta of 2.12. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.55 and a current ratio of 1.41. BRP has a twelve month low of $57.15 and a twelve month high of $92.74.

BRP (NASDAQ:DOOO) last announced its earnings results on Thursday, March 28th. The company reported $1.81 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.12). BRP had a return on equity of 120.39% and a net margin of 7.20%. The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $2.05 billion. On average, equities research analysts predict that BRP will post 5.7 EPS for the current fiscal year.

BRP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 8th were paid a $0.1545 dividend. The ex-dividend date was Friday, April 5th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.90%. BRP’s dividend payout ratio (DPR) is presently 8.83%.

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.