BRP Inc. (NASDAQ:DOO) Receives $85.67 Average Price Target from Brokerages

Shares of BRP Inc. (NASDAQ:DOO) have earned an average rating of “Hold” from the eleven analysts that are currently covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $85.6667.

Several equities analysts have recently commented on the stock. Wells Fargo & Company assumed coverage on shares of BRP in a research report on Wednesday, March 11th. They set an “overweight” rating for the company. Weiss Ratings restated a “hold (c-)” rating on shares of BRP in a research report on Monday, March 23rd. Citigroup lowered their price target on shares of BRP from $86.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, April 20th. Zacks Research upgraded shares of BRP from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 27th. Finally, Canaccord Genuity Group lowered shares of BRP from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 15th.

BRP Price Performance

DOO stock opened at $55.00 on Friday. The company’s fifty day simple moving average is $68.33. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of 18.90 and a beta of 1.15. The company has a current ratio of 1.27, a quick ratio of 0.56 and a debt-to-equity ratio of 3.92. BRP has a 1-year low of $32.54 and a 1-year high of $81.89.

BRP Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 10th were given a dividend of $0.25 per share. This is an increase from BRP’s previous quarterly dividend of $0.07. This represents a $1.00 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, April 10th. BRP’s payout ratio is currently 24.74%.

Institutional Investors Weigh In On BRP

Institutional investors have recently bought and sold shares of the stock. Addenda Capital Inc. acquired a new stake in BRP in the fourth quarter worth about $1,170,000. QV Investors Inc. acquired a new stake in BRP in the fourth quarter worth about $31,701,000. Montrusco Bolton Investments Inc. acquired a new stake in BRP in the fourth quarter worth about $19,070,000. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in BRP in the fourth quarter worth about $852,000. Finally, Intact Investment Management Inc. acquired a new stake in BRP in the fourth quarter worth about $156,000.

BRP Company Profile

BRP Inc, headquartered in Valcourt, Quebec, designs, manufactures and distributes powersports vehicles and propulsion systems for recreational and utility use. The company traces its roots to the Bombardier family and the early development of the snowmobile, and it operates as a global manufacturer of recreational vehicles and related technologies.

BRP’s product portfolio includes snowmobiles, personal watercraft and sport boats, off-road vehicles (including all-terrain and side-by-side models) and three‑wheel on‑road vehicles.