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

BRP Inc. (NASDAQ:DOOO) has received a consensus rating of “Moderate Buy” from the fourteen brokerages that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $94.75.

Separately, UBS Group reaffirmed a “neutral” rating on shares of BRP in a report on Thursday, April 9th.

Hedge Funds Weigh In On BRP

Institutional investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. lifted its holdings in BRP by 905.8% during the 2nd quarter. Osaic Holdings Inc. now owns 694 shares of the company’s stock valued at $34,000 after purchasing an additional 625 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in BRP by 1,057.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,088 shares of the company’s stock valued at $66,000 after purchasing an additional 994 shares during the last quarter. Quarry LP bought a new position in BRP during the 3rd quarter valued at about $74,000. Raymond James Financial Inc. bought a new position in BRP during the 2nd quarter valued at about $60,000. Finally, Quadrant Capital Group LLC bought a new position in BRP during the 3rd quarter valued at about $77,000.

BRP Price Performance

NASDAQ:DOOO opened at $55.38 on Friday. The company has a 50-day moving average of $62.26 and a 200-day moving average of $69.18. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 149.68 and a beta of 1.26. BRP has a 52 week low of $32.54 and a 52 week high of $78.07. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.49 and a current ratio of 1.23.

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.