BRP (NASDAQ:DOOO) Raised to Strong-Buy at Wall Street Zen

BRP (NASDAQ:DOOO) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

A number of other equities analysts have also weighed in on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of BRP in a report on Wednesday, October 8th. Zacks Research cut BRP from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Canaccord Genuity Group raised BRP from a “hold” rating to a “buy” rating in a research report on Tuesday, September 2nd. TD Securities restated a “buy” rating on shares of BRP in a research note on Thursday. Finally, Loop Capital assumed coverage on BRP in a research note on Thursday, November 13th. They issued a “buy” rating on the stock. Four equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $84.40.

BRP Price Performance

Shares of NASDAQ:DOOO opened at $76.66 on Friday. The company has a market cap of $5.60 billion, a P/E ratio of 207.19 and a beta of 1.26. The business has a fifty day simple moving average of $65.87 and a 200-day simple moving average of $57.11. BRP has a 52 week low of $31.78 and a 52 week high of $78.07. The company has a quick ratio of 0.55, a current ratio of 1.34 and a debt-to-equity ratio of 5.54.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Mackenzie Financial Corp raised its position in shares of BRP by 7.4% during the 3rd quarter. Mackenzie Financial Corp now owns 3,057,000 shares of the company’s stock valued at $185,836,000 after acquiring an additional 209,576 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in BRP by 14.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 2,744,879 shares of the company’s stock valued at $92,805,000 after purchasing an additional 346,114 shares during the last quarter. Capital World Investors increased its stake in BRP by 4.5% during the third quarter. Capital World Investors now owns 2,323,013 shares of the company’s stock valued at $141,247,000 after purchasing an additional 100,000 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of BRP by 8.1% during the third quarter. Vanguard Group Inc. now owns 1,372,256 shares of the company’s stock worth $83,437,000 after purchasing an additional 102,269 shares during the period. Finally, Invesco Ltd. lifted its position in shares of BRP by 6.8% in the 2nd quarter. Invesco Ltd. now owns 1,318,418 shares of the company’s stock worth $63,904,000 after buying an additional 83,617 shares during the last quarter.

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.