BRP Inc. (NASDAQ:DOOO) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of BRP Inc. (NASDAQ:DOOO) have received a consensus rating of “Moderate Buy” from the thirteen ratings firms that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $94.75.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. lifted its position in shares of BRP by 905.8% during the second quarter. Osaic Holdings Inc. now owns 694 shares of the company’s stock worth $34,000 after purchasing an additional 625 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of BRP by 1.9% during the second quarter. Geode Capital Management LLC now owns 50,692 shares of the company’s stock worth $2,463,000 after purchasing an additional 955 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of 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 purchasing an additional 994 shares in the last quarter. Swiss National Bank lifted its position in shares of BRP by 1.7% during the third quarter. Swiss National Bank now owns 67,400 shares of the company’s stock worth $4,100,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of BRP during the third quarter worth $74,000.

BRP Stock Performance

Shares of NASDAQ DOOO opened at $59.92 on Thursday. The company has a market cap of $4.38 billion, a PE ratio of 161.95 and a beta of 1.26. BRP has a 12 month low of $32.54 and a 12 month high of $78.07. 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 company has a 50-day simple moving average of $59.70 and a 200-day simple moving average of $68.56.

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.