BRP Inc. (NASDAQ:DOOO) Receives $84.40 Consensus Price Target from Brokerages

Shares of BRP Inc. (NASDAQ:DOOO) have been assigned a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and four have given a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $84.40.

Several research firms have recently commented on DOOO. CIBC restated an “outperform” rating on shares of BRP in a report on Friday, December 5th. Weiss Ratings raised shares of BRP from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, December 8th. Citigroup restated a “buy” rating on shares of BRP in a report on Wednesday, January 14th. Zacks Research cut shares of BRP from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Finally, Loop Capital began coverage on shares of BRP in a research report on Thursday, November 13th. They set a “buy” rating for the company.

BRP Price Performance

Shares of NASDAQ DOOO opened at $75.75 on Monday. The firm has a market capitalization of $5.53 billion, a P/E ratio of 204.73 and a beta of 1.26. The firm’s 50-day moving average price is $71.82 and its 200-day moving average price is $63.80. The company has a current ratio of 1.23, a quick ratio of 0.49 and a debt-to-equity ratio of 4.31. BRP has a 1-year low of $31.78 and a 1-year high of $78.07.

BRP (NASDAQ:DOOO) last issued its earnings results on Thursday, December 4th. The company reported $1.15 EPS for the quarter, beating the consensus estimate of $0.88 by $0.27. BRP had a return on equity of 67.30% and a net margin of 0.45%.The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.50 billion. BRP’s quarterly 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 anticipate that BRP will post 3.15 earnings per share for the current fiscal year.

BRP Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, December 31st. BRP’s payout ratio is currently 164.86%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DOOO. Public Employees Retirement System of Ohio increased its position in shares of BRP by 9.0% during the second quarter. Public Employees Retirement System of Ohio now owns 15,306 shares of the company’s stock valued at $742,000 after acquiring an additional 1,265 shares during the last quarter. Aviso Financial Inc. boosted its position in BRP by 44.2% in the second quarter. Aviso Financial Inc. now owns 30,319 shares of the company’s stock worth $1,471,000 after purchasing an additional 9,296 shares during the last quarter. VELA Investment Management LLC bought a new position in BRP in the 2nd quarter valued at $1,087,000. Allianz Asset Management GmbH purchased a new stake in shares of BRP during the 2nd quarter valued at $1,932,000. Finally, 1832 Asset Management L.P. increased its position in shares of BRP by 21.1% during the 2nd quarter. 1832 Asset Management L.P. now owns 84,005 shares of the company’s stock valued at $4,072,000 after purchasing an additional 14,660 shares during the last quarter.

About BRP

BRP Inc, operating under the brand name Bombardier Recreational Products, is a leader in designing, manufacturing and distributing recreational vehicles and propulsion systems for winter, on-road, off-road and water lifestyles. The company’s diversified portfolio includes snowmobiles, personal watercraft, all-terrain vehicles and roadsters, all powered by in-house Rotax engines. With a focus on innovation and performance, BRP has positioned itself at the forefront of the powersports industry.

At the heart of BRP’s product lineup are its flagship Ski-Doo snowmobiles and Sea-Doo personal watercraft, which serve both recreational and professional segments.