BRP Inc. (NASDAQ:DOO) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of BRP Inc. (NASDAQ:DOO) have been assigned an average rating of “Moderate Buy” from the five brokerages that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $80.50.

Several equities analysts recently issued reports on the company. UBS Group boosted their price objective on BRP from $70.00 to $75.00 and gave the company a “neutral” rating in a research report on Friday, January 9th. Citigroup dropped their target price on shares of BRP from $87.00 to $86.00 and set a “buy” rating on the stock in a report on Monday, March 30th. Zacks Research raised shares of BRP from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 27th. Weiss Ratings reiterated a “hold (c-)” rating on shares of BRP in a report on Monday, March 23rd. Finally, Wells Fargo & Company started coverage on shares of BRP in a research report on Wednesday, March 11th. They set an “overweight” rating for the company.

BRP Price Performance

Shares of BRP stock opened at $72.78 on Tuesday. BRP has a 1 year low of $31.78 and a 1 year high of $81.89. The stock has a 50-day simple moving average of $72.71. The company has a market capitalization of $5.34 billion, a P/E ratio of 25.01 and a beta of 1.15. The company has a quick ratio of 0.56, a current ratio of 1.27 and a debt-to-equity ratio of 3.92.

BRP Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 24th. Investors of record on Friday, April 10th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, April 10th. This is a boost from BRP’s previous quarterly dividend of $0.07. BRP’s dividend payout ratio (DPR) is currently 21.65%.

Institutional Trading of BRP

A number of institutional investors have recently modified their holdings of the company. Mackenzie Financial Corp acquired a new position in shares of BRP during the fourth quarter worth about $207,651,000. Price T Rowe Associates Inc. MD acquired a new stake in BRP in the 4th quarter valued at approximately $169,341,000. Capital World Investors bought a new stake in BRP in the 4th quarter valued at approximately $158,763,000. FIL Ltd bought a new stake in BRP in the 4th quarter valued at approximately $123,110,000. Finally, Vanguard Group Inc. acquired a new position in BRP during the 4th quarter worth approximately $98,153,000.

BRP Company Profile

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.