Analysts Set BRP Inc. (NASDAQ:DOO) PT at $83.00

BRP Inc. (NASDAQ:DOO) has received an average rating of “Hold” from the fourteen analysts that are currently covering the stock, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $83.00.

A number of equities analysts recently issued reports on the stock. Zacks Research raised shares of BRP from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 30th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of BRP in a report on Friday, May 29th. Seaport Research Partners lowered BRP from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 15th. Canaccord Genuity Group cut BRP from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Finally, Stifel Nicolaus lowered BRP from a “buy” rating to a “hold” rating in a research report on Friday, May 29th.

BRP Stock Performance

Shares of NASDAQ:DOO opened at $60.06 on Thursday. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 22.66 and a beta of 0.89. The company has a 50-day moving average price of $58.66 and a 200-day moving average price of $66.50. The company has a current ratio of 1.30, a quick ratio of 0.61 and a debt-to-equity ratio of 3.41. BRP has a 12 month low of $47.74 and a 12 month high of $81.89.

BRP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th were paid a $0.25 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $1.00 annualized dividend and a dividend yield of 1.7%. BRP’s dividend payout ratio is presently 26.42%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Quarry LP bought a new position in BRP in the 4th quarter worth about $30,000. Signaturefd LLC purchased a new position in BRP in the fourth quarter worth about $43,000. Quadrant Capital Group LLC bought a new position in shares of BRP in the fourth quarter worth approximately $89,000. PNC Financial Services Group Inc. bought a new position in shares of BRP in the fourth quarter worth approximately $142,000. Finally, Intact Investment Management Inc. purchased a new stake in shares of BRP during the fourth quarter valued at approximately $156,000.

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.