BRP Inc. (NASDAQ:DOOO) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• BRP Inc. has received an average recommendation of "Moderate Buy" from analysts, with 7 buy, 4 strong buy, 5 hold, and 1 sell ratings among 17 research firms.
• The company recently announced a quarterly dividend of $0.215 per share, increasing from $0.16, with a dividend yield of 1.3% expected to be paid on October 14th.
• BRP reported an earnings per share (EPS) of $0.67 for the last quarter, exceeding expectations of $0.33, despite a revenue of $1.36 billion that fell short of the $1.77 billion forecast.

BRP Inc. (NASDAQ:DOOO - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the seventeen research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, seven have issued a buy recommendation and four have issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $72.75.

Several brokerages recently commented on DOOO. CIBC raised BRP from a "neutral" rating to a "sector outperform" rating in a report on Tuesday, September 2nd. Canaccord Genuity Group raised BRP from a "hold" rating to a "buy" rating in a report on Tuesday, September 2nd. Cibc World Mkts raised BRP from a "hold" rating to a "strong-buy" rating in a report on Monday, September 1st. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of BRP in a report on Wednesday. Finally, Zacks Research raised BRP from a "hold" rating to a "strong-buy" rating in a report on Tuesday, September 2nd.

Hedge Funds Weigh In On BRP

Several institutional investors and hedge funds have recently added to or reduced their stakes in DOOO. Osaic Holdings Inc. grew its position in BRP by 905.8% during the 2nd quarter. Osaic Holdings Inc. now owns 694 shares of the company's stock worth $34,000 after purchasing an additional 625 shares in the last quarter. Sagard Holdings Management Inc. purchased a new position in BRP during the 2nd quarter worth approximately $41,000. Raymond James Financial Inc. purchased a new position in BRP during the 2nd quarter worth approximately $60,000. Acadian Asset Management LLC purchased a new position in BRP during the 1st quarter worth approximately $70,000. Finally, State of Wyoming purchased a new position in BRP during the 1st quarter worth approximately $93,000.

BRP Price Performance

Shares of NASDAQ:DOOO opened at $63.86 on Friday. BRP has a 12 month low of $31.78 and a 12 month high of $68.42. The stock has a market cap of $4.66 billion, a price-to-earnings ratio of -266.08 and a beta of 1.19. The stock's 50 day moving average price is $60.72 and its 200 day moving average price is $48.40. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.34 and a quick ratio of 0.55.

BRP (NASDAQ:DOOO - Get Free Report) last announced its earnings results on Friday, August 29th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.33 by $0.34. BRP had a positive return on equity of 61.26% and a negative net margin of 0.34%.The firm had revenue of $1.36 billion for the quarter, compared to analysts' expectations of $1.77 billion. BRP has set its FY 2026 guidance at 3.090-3.460 EPS. Equities research analysts anticipate that BRP will post 3.15 earnings per share for the current fiscal year.

BRP Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, September 30th. This is a positive change from BRP's previous quarterly dividend of $0.16. BRP's dividend payout ratio is presently -262.50%.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.

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