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

Key Points

• Wall Street Zen downgraded BRP to “Hold” from “Buy,” while the broader analyst consensus remains “Hold,” with six Buy and eight Hold ratings and an average target price of $83.
• BRP shares rose 4.8% to open at $67.32, but the company reported a $136.8 million net loss and a 34.9% year-over-year decline in normalized EBITDA.
• Institutional interest increased as Vanguard, UBS and other investment firms initiated positions in BRP, while National Bank Financial separately upgraded the stock to “Outperform.”

BRP (NASDAQ:DOO - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday, Wall Street Zen reports.

Other equities analysts have also issued reports about the stock. Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of BRP in a report on Friday, May 29th. Zacks Research raised shares of BRP from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 30th. Scotiabank reiterated a "sector perform" rating on shares of BRP in a report on Friday. National Bank Financial upgraded shares of BRP from a "sector perform" rating to an "outperform" rating in a report on Thursday. Finally, TD Securities raised BRP from a "hold" rating to a "buy" rating in a research report on Tuesday, August 18th. Six research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, BRP has an average rating of "Hold" and a consensus target price of $83.00.

BRP Stock Up 4.8%

DOO stock opened at $67.32 on Friday. The company has a debt-to-equity ratio of 3.41, a quick ratio of 0.61 and a current ratio of 1.30. The company has a market capitalization of $4.94 billion, a price-to-earnings ratio of 61.20 and a beta of 0.88. The business's 50 day moving average price is $62.18 and its two-hundred day moving average price is $63.21. BRP has a fifty-two week low of $48.83 and a fifty-two week high of $81.89.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DOO. Vanguard Group Inc. bought a new stake in BRP during the 4th quarter worth approximately $98,153,000. UBS Group AG bought a new stake in BRP during the fourth quarter valued at about $6,222,000. Pictet Asset Management Holding SA bought a new position in shares of BRP in the fourth quarter worth about $483,000. Plato Investment Management Ltd bought a new position in shares of BRP in the fourth quarter worth about $422,000. Finally, Versor Investments LP purchased a new stake in shares of BRP during the fourth quarter worth about $340,000.

Key Stories Impacting BRP

Here are the key news stories impacting BRP this week:

• Positive Sentiment: Revenue beat expectations: BRP reported second-quarter revenue of approximately $2.24 billion, up 18.5% year over year and above consensus estimates. Growth was driven by higher off-road vehicle shipments and a favorable side-by-side vehicle mix. North American powersports retail sales rose 1%, while the company gained market share in North American off-road vehicles. BRP Presents Its Second Quarter Results for Fiscal Year 2027
• Positive Sentiment: Full-year outlook improved: BRP raised its fiscal 2027 normalized diluted EPS outlook to $4.00-$4.50. Separately reported guidance calls for EPS of $2.889-$3.251 and revenue of $6.7-$6.8 billion, with the EPS range above the $2.710 consensus estimate. The higher outlook signals management’s confidence in demand and execution. BRP Second-Quarter Results and Full-Year Outlook
• Positive Sentiment: Analyst upgrade: National Bank Financial upgraded BRP from “sector perform” to “outperform,” providing additional support for the shares.
• Positive Sentiment: Dividend maintained: BRP declared a quarterly dividend of $0.25 per share, equivalent to approximately $1.00 annually and a 1.6% yield. The dividend is payable October 13 to shareholders of record September 29.
• Neutral Sentiment: Leadership transition: CFO Sébastien Martel will retire October 1, with Minh Thanh Tran appointed as his successor. The change adds an execution consideration but was presented as a planned transition. BRP Announces Planned Financial Leadership Transition
• Negative Sentiment: Profitability weakened: BRP posted a $136.8 million net loss, while normalized EBITDA fell 34.9% to $138.8 million. The company’s normalized diluted loss was $0.18 per share, although this still exceeded the expected $0.46 loss. BRP Inc. Reports Q2 Loss and Beats Revenue Estimates

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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