BRP (NASDAQ:DOOO) Raised to “Strong-Buy” at Natl Bk Canada

BRP (NASDAQ:DOOO) was upgraded by equities researchers at Natl Bk Canada from a “hold” rating to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on the company. Cibc World Mkts raised BRP from a “hold” rating to a “strong-buy” rating in a report on Monday, September 1st. Zacks Research downgraded BRP from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Scotiabank reiterated a “sector perform” rating on shares of BRP in a research report on Tuesday, September 2nd. National Bankshares raised BRP from a “sector perform” rating to an “outperform” rating in a research note on Thursday. Finally, Loop Capital began coverage on shares of BRP in a research note on Thursday, November 13th. They set a “buy” rating on the stock. Four analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $84.40.

BRP Stock Performance

DOOO stock opened at $76.66 on Thursday. BRP has a 1 year low of $31.78 and a 1 year high of $78.07. The stock has a market capitalization of $5.60 billion, a price-to-earnings ratio of 207.19 and a beta of 1.26. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.55 and a current ratio of 1.34. The stock’s fifty day moving average is $65.87 and its two-hundred day moving average is $57.11.

BRP (NASDAQ:DOOO) last released its quarterly earnings data on Thursday, December 4th. The company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.27. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.50 billion. BRP had a net margin of 0.45% and a return on equity of 74.63%. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. BRP has set its FY 2026 guidance at 3.600-3.600 EPS. On average, research analysts predict that BRP will post 3.15 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in BRP by 10.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 109,158 shares of the company’s stock worth $3,685,000 after acquiring an additional 10,004 shares during the period. Ontario Teachers Pension Plan Board grew its stake in shares of BRP by 31.2% in the 1st 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 during the last quarter. National Bank of Canada FI raised its holdings in shares of BRP by 20.0% in the 1st quarter. National Bank of Canada FI now owns 495,657 shares of the company’s stock worth $16,731,000 after purchasing an additional 82,723 shares in the last quarter. Invesco Ltd. lifted its stake in BRP by 6.2% during the first quarter. Invesco Ltd. now owns 1,234,801 shares of the company’s stock valued at $41,749,000 after purchasing an additional 71,544 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new stake in BRP during the first quarter valued at approximately $451,000.

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.