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

BRP Inc. (NASDAQ:DOOO) has been assigned an average rating of “Moderate Buy” from the seventeen ratings firms that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $84.40.

DOOO has been the topic of a number of research analyst reports. Weiss Ratings raised BRP from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, December 8th. Wall Street Zen upgraded shares of BRP from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 6th. Royal Bank Of Canada upped their price objective on shares of BRP from $107.00 to $131.00 and gave the company an “outperform” rating in a research note on Friday, December 5th. National Bank Financial upgraded shares of BRP from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 4th. Finally, Desjardins reaffirmed a “buy” rating on shares of BRP in a research note on Friday, December 5th.

BRP Stock Up 2.8%

DOOO stock opened at $78.59 on Friday. BRP has a one year low of $31.78 and a one year high of $78.07. The stock has a market capitalization of $5.74 billion, a P/E ratio of 212.41 and a beta of 1.26. The company has a 50 day moving average price of $75.63 and a two-hundred day moving average price of $67.33. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.49 and a current ratio of 1.23.

BRP (NASDAQ:DOOO) last announced its quarterly earnings data on Thursday, December 4th. The company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.27. BRP had a net margin of 0.45% and a return on equity of 67.30%. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.50 billion. BRP’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. As a group, sell-side analysts expect that BRP will post 3.15 EPS for the current year.

BRP Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st were given a $0.215 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.1%. BRP’s dividend payout ratio (DPR) is currently 164.86%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd acquired a new stake in shares of BRP in the first quarter worth $207,000. Jones Financial Companies Lllp grew its position in BRP by 28,660.0% during the first quarter. Jones Financial Companies Lllp now owns 21,570 shares of the company’s stock worth $729,000 after buying an additional 21,495 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of BRP by 144.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 723,443 shares of the company’s stock worth $24,460,000 after acquiring an additional 427,434 shares during the period. Jane Street Group LLC grew its holdings in shares of BRP by 110.9% during the 1st quarter. Jane Street Group LLC now owns 138,051 shares of the company’s stock worth $4,663,000 after purchasing an additional 72,581 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in shares of BRP during the first quarter valued at approximately $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.