Analysts Set BRP Inc. (NASDAQ:DOOO) Target Price at $94.75

Shares of BRP Inc. (NASDAQ:DOOO) have earned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $94.75.

A number of brokerages have commented on DOOO. Weiss Ratings upgraded 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 research report on Wednesday, January 14th.

BRP Trading Up 0.1%

Shares of NASDAQ DOOO opened at $72.78 on Friday. BRP has a one year low of $31.78 and a one year high of $78.07. The firm has a market capitalization of $5.32 billion, a PE ratio of 196.70 and a beta of 1.26. The company has a current ratio of 1.23, a quick ratio of 0.49 and a debt-to-equity ratio of 4.31. The business has a 50-day moving average price of $72.71 and a two-hundred day moving average price of $70.27.

Institutional Investors Weigh In On BRP

Institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. lifted its holdings in shares of BRP by 905.8% during the 2nd quarter. Osaic Holdings Inc. now owns 694 shares of the company’s stock valued at $34,000 after buying an additional 625 shares during the last quarter. Sagard Holdings Management Inc. acquired a new stake in shares of BRP during the 2nd quarter valued at about $41,000. Raymond James Financial Inc. acquired a new stake in shares of BRP during the 2nd quarter valued at about $60,000. JPMorgan Chase & Co. lifted its holdings in shares of BRP by 1,057.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,088 shares of the company’s stock valued at $66,000 after buying an additional 994 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of BRP during the 1st quarter valued at about $70,000.

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.