BRP Inc. (NASDAQ:DOOO) Given Consensus Rating of “Moderate Buy” by Analysts

BRP Inc. (NASDAQ:DOOO) has received an average rating of “Moderate Buy” from the nineteen brokerages that are currently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and four have assigned a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $84.40.

Several equities research analysts recently commented on DOOO shares. Weiss Ratings raised BRP from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, December 8th. Wall Street Zen raised shares of BRP from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 6th. Citigroup reissued a “buy” rating on shares of BRP in a research report on Friday, December 5th. Natl Bk Canada raised shares of BRP from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 4th. Finally, Loop Capital initiated coverage on BRP in a research note on Thursday, November 13th. They set a “buy” rating on the stock.

BRP Trading Down 0.3%

Shares of DOOO stock opened at $72.75 on Thursday. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 196.62 and a beta of 1.26. The stock has a 50-day moving average of $68.32 and a 200-day moving average of $60.34. The company has a current ratio of 1.23, a quick ratio of 0.49 and a debt-to-equity ratio of 4.31. BRP has a 1-year low of $31.78 and a 1-year high of $78.07.

BRP (NASDAQ:DOOO) last issued its quarterly earnings results on Thursday, December 4th. The company reported $1.15 earnings per share (EPS) for the quarter, topping 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 business’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 research analysts forecast that BRP will post 3.15 earnings per share for the current year.

BRP Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st will be paid a $0.215 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $0.86 annualized dividend and a dividend yield of 1.2%. BRP’s payout ratio is presently 164.86%.

Institutional Trading of BRP

A number of institutional investors have recently modified their holdings of the business. Mackenzie Financial Corp lifted its position in shares of BRP by 7.4% during the third quarter. Mackenzie Financial Corp now owns 3,057,000 shares of the company’s stock worth $185,836,000 after acquiring an additional 209,576 shares in the last quarter. Capital World Investors raised its holdings in shares of BRP by 4.5% in the 3rd quarter. Capital World Investors now owns 2,323,013 shares of the company’s stock valued at $141,247,000 after acquiring an additional 100,000 shares in the last quarter. Vanguard Group Inc. lifted its position in BRP by 8.1% during the third quarter. Vanguard Group Inc. now owns 1,372,256 shares of the company’s stock valued at $83,437,000 after purchasing an additional 102,269 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of BRP by 6.8% during the 2nd quarter. Invesco Ltd. now owns 1,318,418 shares of the company’s stock worth $63,904,000 after acquiring an additional 83,617 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in BRP by 519.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 729,921 shares of the company’s stock worth $44,369,000 after purchasing an additional 612,113 shares during the last quarter.

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.