BRP (NASDAQ:DOOO) Price Target Raised to $131.00

BRP (NASDAQ:DOOO) had its price target increased by Royal Bank Of Canada from $107.00 to $131.00 in a report published on Friday, Marketbeat.com reports. The firm currently has an outperform rating on the stock.

A number of other analysts have also recently commented on the company. Cibc World Mkts upgraded BRP from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 1st. Desjardins restated a “buy” rating on shares of BRP in a research note on Friday. Wall Street Zen lowered BRP from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 22nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of BRP in a research note on Wednesday, October 8th. Finally, TD Securities restated a “buy” rating on shares of BRP in a research report on Thursday. Four analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $84.40.

BRP Stock Up 1.8%

Shares of NASDAQ:DOOO opened at $76.66 on Friday. The firm has a 50 day simple moving average of $65.87 and a 200-day simple moving average of $57.40. BRP has a twelve month low of $31.78 and a twelve month high of $78.07. 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 company has a market capitalization of $5.60 billion, a PE ratio of 207.19 and a beta of 1.25.

BRP (NASDAQ:DOOO) last posted its earnings results on Thursday, December 4th. The company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.27. BRP had a net margin of 0.45% and a return on equity of 67.30%. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.50 billion. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. BRP has set its FY 2026 guidance at 3.600-3.600 EPS. On average, equities analysts predict that BRP will post 3.15 EPS for the current fiscal year.

BRP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, December 31st. BRP’s dividend payout ratio is 167.57%.

Institutional Trading of BRP

Several large investors have recently bought and sold shares of DOOO. Osaic Holdings Inc. boosted its stake in shares of BRP by 905.8% during the second 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 last quarter. Sagard Holdings Management Inc. purchased a new position in BRP in the 2nd quarter valued at about $41,000. Raymond James Financial Inc. acquired a new stake in shares of BRP during the 2nd quarter worth about $60,000. JPMorgan Chase & Co. grew its holdings in shares of BRP by 1,057.4% during the third quarter. JPMorgan Chase & Co. now owns 1,088 shares of the company’s stock worth $66,000 after buying an additional 994 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of BRP during the first quarter worth about $70,000.

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.