BRP (NASDAQ:DOO) Shares Up 1.3% – Here’s What Happened

BRP Inc. (NASDAQ:DOO)’s share price shot up 1.3% during trading on Thursday . The stock traded as high as $79.77 and last traded at $78.66. 114,378 shares changed hands during mid-day trading, a decline of 23% from the average session volume of 148,205 shares. The stock had previously closed at $77.63.

Analysts Set New Price Targets

Several research firms have weighed in on DOO. UBS Group boosted their target price on shares of BRP from $70.00 to $75.00 and gave the stock a “neutral” rating in a research report on Friday, January 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of BRP in a research note on Wednesday, December 24th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $75.00.

BRP Price Performance

The company has a debt-to-equity ratio of 4.31, a current ratio of 1.23 and a quick ratio of 0.49. The stock has a market cap of $5.77 billion, a P/E ratio of 212.59 and a beta of 1.23.

BRP Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st were issued a $0.1571 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. BRP’s dividend payout ratio is 170.27%.

About BRP

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.