BRP (NASDAQ:DOO) Lowered to Hold Rating by Wall Street Zen

BRP (NASDAQ:DOO) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other brokerages have also commented on DOO. Canaccord Genuity Group lowered BRP from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. TD Cowen lowered BRP from a “buy” rating to a “hold” rating in a report on Wednesday, April 15th. Citigroup dropped their price target on BRP from $75.00 to $74.00 and set a “buy” rating on the stock in a report on Friday, May 29th. Wells Fargo & Company started coverage on BRP in a research report on Wednesday, March 11th. They issued an “overweight” rating for the company. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of BRP in a research report on Monday, March 23rd. Four analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $83.00.

BRP Trading Down 3.4%

Shares of BRP stock opened at $60.70 on Friday. The stock’s fifty day simple moving average is $61.18. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 22.91 and a beta of 0.89. BRP has a 12 month low of $46.23 and a 12 month high of $81.89. The company has a quick ratio of 0.61, a current ratio of 1.30 and a debt-to-equity ratio of 3.41.

Institutional Trading of BRP

A number of large investors have recently bought and sold shares of DOO. QV Investors Inc. purchased a new stake in BRP in the fourth quarter worth $31,701,000. Signaturefd LLC purchased a new stake in BRP in the fourth quarter worth $43,000. Addenda Capital Inc. purchased a new stake in BRP in the fourth quarter worth $1,170,000. Annex Advisory Services LLC purchased a new stake in BRP in the fourth quarter worth $279,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in BRP in the fourth quarter worth $751,000.

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.