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

Shares of BRP Inc. (NASDAQ:DOOO) have received a consensus rating of “Moderate Buy” from the sixteen research firms that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating, eight have given a buy rating and three have assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $84.40.

A number of equities research analysts have recently weighed in on the company. Citigroup restated a “buy” rating on shares of BRP in a research note on Wednesday, January 14th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of BRP in a research note on Friday, December 5th. Royal Bank Of Canada boosted their target price on shares of BRP from $107.00 to $131.00 and gave the stock an “outperform” rating in a research report on Friday, December 5th. TD Securities reaffirmed a “buy” rating on shares of BRP in a report on Thursday, December 4th. Finally, Weiss Ratings upgraded shares of BRP from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, December 8th.

BRP Trading Up 0.2%

Shares of NASDAQ:DOOO opened at $66.01 on Tuesday. The business’s 50-day moving average is $75.74 and its 200 day moving average is $69.81. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.23 and a quick ratio of 0.49. BRP has a 1 year low of $31.78 and a 1 year high of $78.07. The firm has a market capitalization of $4.82 billion, a P/E ratio of 178.41 and a beta of 1.26.

Institutional Trading of BRP

Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of BRP by 1,057.4% in the third quarter. JPMorgan Chase & Co. now owns 1,088 shares of the company’s stock valued at $66,000 after purchasing an additional 994 shares during the period. PharVision Advisers LLC purchased a new stake in BRP in the third quarter valued at approximately $455,000. Virtus Advisers LLC acquired a new position in BRP in the 3rd quarter worth approximately $114,000. Quarry LP acquired a new position in BRP in the 3rd quarter worth approximately $74,000. Finally, Public Employees Retirement System of Ohio raised its position in BRP by 23.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 18,826 shares of the company’s stock worth $1,145,000 after buying an additional 3,520 shares during the last quarter.

BRP Company Profile

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.