BRP Inc. (NASDAQ:DOO) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Analyst consensus: Eleven analysts give BRP a consensus rating of "Hold" (eight hold, two buy, one strong buy) with an average 1-year price target of $85.67.
• Dividend increase: BRP raised its quarterly dividend to $0.25 (paid Apr. 24), representing a $1.00 annualized payout and a 1.8% yield, up from the prior $0.07 quarterly dividend.
• Stock and fundamentals: BRP opened at $56.78, has a market cap of $4.15 billion and a P/E of 19.51, with a 52-week range of $32.54 to $81.89.

BRP Inc. (NASDAQ:DOO - Get Free Report) has received an average rating of "Hold" from the eleven ratings firms that are covering the firm, Marketbeat reports. Eight investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $85.6667.

Several research firms have issued reports on DOO. Raymond James Financial lowered shares of BRP from a "strong-buy" rating to a "market perform" rating in a research report on Friday. Royal Bank Of Canada decreased their price target on shares of BRP from $124.00 to $107.00 and set an "outperform" rating on the stock in a research report on Monday, April 20th. Weiss Ratings restated a "hold (c-)" rating on shares of BRP in a research report on Monday, March 23rd. Canaccord Genuity Group lowered shares of BRP from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 15th. Finally, Wall Street Zen lowered shares of BRP from a "strong-buy" rating to a "buy" rating in a research report on Saturday, April 18th.

BRP Price Performance

NASDAQ DOO opened at $56.78 on Friday. The company has a quick ratio of 0.56, a current ratio of 1.27 and a debt-to-equity ratio of 3.92. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of 19.51 and a beta of 1.15. The stock has a fifty day moving average of $68.81. BRP has a 52-week low of $32.54 and a 52-week high of $81.89.

BRP Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Friday, April 10th were given a $0.25 dividend. The ex-dividend date was Friday, April 10th. This represents a $1.00 annualized dividend and a yield of 1.8%. This is a positive change from BRP's previous quarterly dividend of $0.07. BRP's dividend payout ratio (DPR) is 24.74%.

Institutional Trading of BRP

Several institutional investors have recently made changes to their positions in the business. Pictet Asset Management Holding SA boosted its position in shares of BRP by 4.8% during the 1st quarter. Pictet Asset Management Holding SA now owns 7,156 shares of the company's stock valued at $513,000 after acquiring an additional 331 shares in the last quarter. Quarry LP acquired a new position in BRP in the fourth quarter valued at about $30,000. Signaturefd LLC acquired a new position in BRP in the fourth quarter valued at about $43,000. Quadrant Capital Group LLC acquired a new position in BRP in the fourth quarter valued at about $89,000. Finally, PNC Financial Services Group Inc. acquired a new position in BRP in the fourth quarter valued at about $142,000.

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.

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