BRP (NASDAQ:DOOO) Upgraded at Zacks Research

Zacks Research upgraded shares of BRP (NASDAQ:DOOO) from a hold rating to a strong-buy rating in a research note published on Tuesday morning,Zacks.com reports.

DOOO has been the subject of several other reports. TD Securities raised shares of BRP from a “hold” rating to a “strong-buy” rating in a report on Friday, May 30th. Stifel Canada raised shares of BRP from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 29th. CIBC raised shares of BRP from a “neutral” rating to a “sector outperform” rating in a report on Tuesday. Desjardins raised shares of BRP from a “hold” rating to a “buy” rating in a report on Friday, May 30th. Finally, Cibc World Mkts raised shares of BRP from a “hold” rating to a “strong-buy” rating in a report on Monday. Four equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.75.

BRP Price Performance

Shares of NASDAQ:DOOO opened at $65.42 on Tuesday. The firm’s 50 day moving average price is $53.50 and its 200-day moving average price is $44.01. BRP has a twelve month low of $31.78 and a twelve month high of $69.31. The company has a quick ratio of 0.58, a current ratio of 1.34 and a debt-to-equity ratio of 5.54. The stock has a market capitalization of $4.78 billion, a PE ratio of -272.58 and a beta of 1.19.

BRP (NASDAQ:DOOO) last issued its quarterly earnings data on Friday, August 29th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.34. BRP had a negative net margin of 0.34% and a positive return on equity of 61.26%. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.77 billion. BRP has set its FY 2026 guidance at 3.090-3.460 EPS. Equities research analysts expect that BRP will post 3.15 EPS for the current year.

BRP Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.215 per share. This is an increase from BRP’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Monday, September 29th. This represents a $0.86 dividend on an annualized basis and a yield of 1.3%. BRP’s payout ratio is -262.50%.

Institutional Investors Weigh In On BRP

Institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. grew its holdings in BRP by 905.8% during the 2nd quarter. Osaic Holdings Inc. now owns 694 shares of the company’s stock valued at $34,000 after buying an additional 625 shares in the last quarter. Sagard Holdings Management Inc. purchased a new stake in BRP during the 2nd quarter valued at approximately $41,000. Raymond James Financial Inc. purchased a new stake in BRP during the 2nd quarter valued at approximately $60,000. Acadian Asset Management LLC purchased a new stake in BRP during the 1st quarter valued at approximately $70,000. Finally, State of Wyoming purchased a new stake in BRP during the 1st quarter valued at approximately $93,000.

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.