Analysts Set BRP Inc. (NASDAQ:DOOO) PT at $72.75

Shares of BRP Inc. (NASDAQ:DOOO) have been given a consensus recommendation of “Moderate Buy” by the seventeen analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, seven have assigned a buy recommendation and four have assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $72.75.

A number of research analysts recently issued reports on DOOO shares. Zacks Research upgraded shares of BRP from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 2nd. TD Securities reiterated a “buy” rating on shares of BRP in a research note on Tuesday, September 2nd. Cibc World Mkts upgraded BRP from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 1st. Scotiabank reaffirmed a “sector perform” rating on shares of BRP in a report on Tuesday, September 2nd. Finally, UBS Group boosted their price target on BRP from $35.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, September 5th.

BRP Price Performance

Shares of NASDAQ:DOOO opened at $65.21 on Friday. BRP has a twelve month low of $31.78 and a twelve month high of $68.42. The company’s 50 day moving average is $61.02 and its 200 day moving average is $48.78. The company has a current ratio of 1.34, a quick ratio of 0.55 and a debt-to-equity ratio of 5.54. The company has a market cap of $4.76 billion, a PE ratio of -271.71 and a beta of 1.19.

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

BRP Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be paid a $0.215 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.86 annualized dividend and a dividend yield of 1.3%. This is an increase from BRP’s previous quarterly dividend of $0.16. BRP’s dividend payout ratio (DPR) is presently -262.50%.

Institutional Trading of BRP

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mackenzie Financial Corp raised its position in shares of BRP by 15.0% in the first quarter. Mackenzie Financial Corp now owns 1,884,728 shares of the company’s stock worth $63,636,000 after acquiring an additional 245,463 shares during the period. Fiera Capital Corp increased its stake in shares of BRP by 5.5% in the 1st quarter. Fiera Capital Corp now owns 135,330 shares of the company’s stock valued at $4,574,000 after purchasing an additional 7,082 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in BRP by 10.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 109,158 shares of the company’s stock worth $3,685,000 after purchasing an additional 10,004 shares during the period. Ontario Teachers Pension Plan Board boosted its position in BRP by 31.2% during the first quarter. Ontario Teachers Pension Plan Board now owns 64,941 shares of the company’s stock worth $2,193,000 after purchasing an additional 15,447 shares in the last quarter. Finally, National Bank of Canada FI grew its holdings in BRP by 20.0% in the first quarter. National Bank of Canada FI now owns 495,657 shares of the company’s stock valued at $16,731,000 after purchasing an additional 82,723 shares during the period.

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.