BRP (NASDAQ:DOO) Now Covered by Wells Fargo & Company

Wells Fargo & Company assumed coverage on shares of BRP (NASDAQ:DOO) in a report issued on Wednesday morning, MarketBeat.com reports. The firm issued an overweight rating on the stock.

Several other equities analysts have also recently issued reports on DOO. UBS Group upped their price target on shares of BRP from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, January 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of BRP in a report on Wednesday, December 24th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $75.00.

BRP Price Performance

Shares of NASDAQ DOO opened at $66.01 on Wednesday. The firm has a 50 day simple moving average of $75.74. The company has a market cap of $4.84 billion, a price-to-earnings ratio of 178.41 and a beta of 1.22. BRP has a 1 year low of $31.78 and a 1 year high of $81.89. The company has a current ratio of 1.23, a quick ratio of 0.49 and a debt-to-equity ratio of 4.31.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DOO. Triasima Portfolio Management inc. bought a new stake in BRP during the fourth quarter valued at $5,551,000. Intact Investment Management Inc. bought a new position in shares of BRP in the 4th quarter worth about $156,000. VELA Investment Management LLC bought a new position in shares of BRP in the 4th quarter worth about $1,651,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of BRP in the 4th quarter valued at about $852,000. Finally, Montrusco Bolton Investments Inc. acquired a new position in shares of BRP in the 4th quarter valued at about $19,070,000.

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.