BRP Inc. (NASDAQ:DOOO) Receives $38.33 Average Target Price from Analysts

BRP Inc. (NASDAQ:DOOO) has received an average rating of “Moderate Buy” from the twelve ratings firms that are covering the stock, Marketbeat reports. Eight research analysts have rated the stock with a hold rating, one has given a buy rating and three have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $38.33.

DOOO has been the topic of a number of research analyst reports. Citigroup raised shares of BRP from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $27.00 to $37.00 in a report on Friday, April 4th. TD Securities upgraded shares of BRP from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 30th. Wall Street Zen raised shares of BRP from a “hold” rating to a “buy” rating in a report on Friday, May 30th. Baird R W cut shares of BRP from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Finally, UBS Group lowered their target price on BRP from $45.00 to $35.00 and set a “neutral” rating for the company in a research note on Wednesday, April 23rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in BRP by 0.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,827 shares of the company’s stock valued at $1,823,000 after buying an additional 293 shares during the period. Dnca Finance increased its stake in shares of BRP by 36.1% in the 4th quarter. Dnca Finance now owns 1,390 shares of the company’s stock valued at $71,000 after acquiring an additional 369 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in BRP by 259.3% during the 4th quarter. Quadrant Capital Group LLC now owns 679 shares of the company’s stock worth $35,000 after acquiring an additional 490 shares during the last quarter. Signaturefd LLC boosted its stake in BRP by 296.1% during the 4th quarter. Signaturefd LLC now owns 1,208 shares of the company’s stock worth $61,000 after acquiring an additional 903 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in BRP by 1.4% during the fourth quarter. Jane Street Group LLC now owns 65,470 shares of the company’s stock valued at $3,333,000 after purchasing an additional 933 shares during the period.

BRP Price Performance

BRP stock opened at $48.83 on Friday. The company has a market capitalization of $3.57 billion, a PE ratio of 25.97 and a beta of 1.23. The business has a 50 day simple moving average of $37.05 and a 200 day simple moving average of $42.77. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.37 and a quick ratio of 0.57. BRP has a one year low of $31.78 and a one year high of $74.00.

BRP (NASDAQ:DOOO) last released its quarterly earnings results on Thursday, May 29th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. BRP had a return on equity of 61.20% and a net margin of 2.29%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.78 billion. On average, sell-side analysts forecast that BRP will post 3.15 EPS for the current fiscal year.

BRP Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be given a dividend of $0.1557 per share. This is a boost from BRP’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.62 annualized dividend and a dividend yield of 1.28%. BRP’s payout ratio is presently -151.22%.

BRP Company Profile

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.