BRP Inc. (NASDAQ:DOOO) Receives $84.40 Consensus Target Price from Analysts

Shares of BRP Inc. (NASDAQ:DOOO) have been given an average recommendation of “Moderate Buy” by the eighteen analysts that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and four have issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $84.40.

Several brokerages have recently weighed in on DOOO. National Bankshares raised shares of BRP from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 4th. Natl Bk Canada raised BRP from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 4th. Weiss Ratings raised BRP from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, December 8th. Citigroup reissued a “buy” rating on shares of BRP in a report on Wednesday, January 14th. Finally, Royal Bank Of Canada lifted their price target on BRP from $107.00 to $131.00 and gave the company an “outperform” rating in a research note on Friday, December 5th.

Institutional Trading of BRP

A number of institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in 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 during the period. PharVision Advisers LLC acquired a new stake in shares of BRP in the 3rd quarter worth approximately $455,000. Virtus Advisers LLC acquired a new stake in shares of BRP in the 3rd quarter worth approximately $114,000. Quarry LP purchased a new position in BRP in the 3rd quarter valued at approximately $74,000. Finally, Public Employees Retirement System of Ohio raised its holdings in BRP by 23.0% during the third quarter. Public Employees Retirement System of Ohio now owns 18,826 shares of the company’s stock worth $1,145,000 after purchasing an additional 3,520 shares during the last quarter.

BRP Stock Up 1.5%

DOOO opened at $80.64 on Monday. The business has a 50 day moving average price of $72.46 and a two-hundred day moving average price of $64.11. BRP has a 52 week low of $31.78 and a 52 week high of $78.07. The company has a market cap of $5.89 billion, a PE ratio of 217.95 and a beta of 1.26. The company has a quick ratio of 0.49, a current ratio of 1.23 and a debt-to-equity ratio of 4.31.

BRP (NASDAQ:DOOO) last released its earnings results on Thursday, December 4th. The company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.27. BRP had a return on equity of 67.30% and a net margin of 0.45%.The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.50 billion. The business’s revenue was up 14.0% on a year-over-year basis. BRP has set its FY 2026 guidance at 3.600-3.600 EPS. As a group, research analysts anticipate that BRP will post 3.15 EPS for the current year.

BRP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.215 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.1%. BRP’s dividend payout ratio is 164.86%.

About BRP

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.