BRP (NASDAQ:DOO) Stock Rating Upgraded by Wall Street Zen

BRP (NASDAQ:DOO) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

DOO has been the topic of a number of other research reports. TD Securities reissued a “hold” rating on shares of BRP in a research report on Friday, May 29th. Weiss Ratings restated a “hold (c-)” rating on shares of BRP in a research note on Monday, March 23rd. Canaccord Genuity Group cut BRP from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. Zacks Research raised BRP from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Finally, Stifel Nicolaus lowered BRP from a “buy” rating to a “hold” rating in a report on Friday, May 29th. Four research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $83.00.

BRP Price Performance

NASDAQ:DOO opened at $57.87 on Friday. BRP has a twelve month low of $47.74 and a twelve month high of $81.89. The company has a current ratio of 1.30, a quick ratio of 0.61 and a debt-to-equity ratio of 3.41. The business’s 50 day moving average price is $58.02. The firm has a market cap of $4.27 billion, a P/E ratio of 21.84 and a beta of 0.89.

Institutional Trading of BRP

A number of large investors have recently added to or reduced their stakes in the company. QV Investors Inc. bought a new position in shares of BRP in the 4th quarter valued at about $31,701,000. Signaturefd LLC bought a new stake in shares of BRP in the 4th quarter valued at about $43,000. Addenda Capital Inc. bought a new stake in shares of BRP in the 4th quarter valued at about $1,170,000. Annex Advisory Services LLC acquired a new stake in BRP in the 4th quarter valued at about $279,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in BRP in the 4th quarter valued at about $751,000.

About BRP

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.