BRP Inc. (NASDAQ:DOOO) Receives Consensus Rating of “Moderate Buy” from Brokerages

BRP Inc. (NASDAQ:DOOO) has received a consensus recommendation of “Moderate Buy” from the eighteen research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $79.60.

Several research firms recently weighed in on DOOO. Citigroup upgraded shares of BRP from a “neutral” rating to a “buy” rating and upped their price target for the stock from $68.00 to $73.00 in a research report on Wednesday, October 1st. Cibc World Mkts upgraded BRP from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 1st. TD Securities reaffirmed a “buy” rating on shares of BRP in a research note on Thursday. National Bankshares raised BRP from a “sector perform” rating to an “outperform” rating in a research note on Thursday. Finally, Wall Street Zen cut shares of BRP from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Osaic Holdings Inc. boosted its holdings in 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 acquiring an additional 625 shares during the period. Sagard Holdings Management Inc. purchased a new stake in BRP during the 2nd quarter worth about $41,000. Raymond James Financial Inc. acquired a new stake in BRP in the 2nd quarter valued at about $60,000. JPMorgan Chase & Co. boosted its stake in shares of BRP by 1,057.4% in 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 period. Finally, Acadian Asset Management LLC purchased a new position in shares of BRP in the 1st quarter valued at about $70,000.

BRP Price Performance

Shares of NASDAQ DOOO opened at $75.29 on Friday. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.55 and a current ratio of 1.34. The firm has a fifty day moving average of $65.55 and a 200 day moving average of $56.83. The firm has a market cap of $5.50 billion, a PE ratio of -313.71 and a beta of 1.26. BRP has a one year low of $31.78 and a one year high of $78.07.

BRP Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st will be given a dividend of $0.215 per share. The ex-dividend date is Wednesday, December 31st. This represents a $0.86 dividend on an annualized basis and a yield of 1.1%. BRP’s dividend payout ratio (DPR) is presently -258.33%.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.