BRP Inc. (NASDAQ:DOOO) Receives $61.25 Average PT from Brokerages

BRP Inc. (NASDAQ:DOOO - Get Free Report) has been given a consensus recommendation of "Hold" by the eleven brokerages that are currently covering the stock, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $53.75.

Several equities research analysts recently issued reports on DOOO shares. TD Securities restated a "hold" rating on shares of BRP in a report on Thursday, March 27th. Raymond James restated a "strong-buy" rating on shares of BRP in a research note on Thursday, March 27th. Citigroup upgraded BRP from a "sell" rating to a "neutral" rating and upped their price objective for the company from $27.00 to $37.00 in a research report on Friday, April 4th. Baird R W cut BRP from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, UBS Group reduced their price target on shares of BRP from $45.00 to $35.00 and set a "neutral" rating for the company in a research report on Wednesday.

Institutional Trading of BRP

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Turtle Creek Asset Management Inc. raised its position in shares of BRP by 29.0% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 2,970,680 shares of the company's stock valued at $151,118,000 after buying an additional 668,607 shares during the last quarter. Capital World Investors increased its holdings in BRP by 101.2% in the 4th quarter. Capital World Investors now owns 1,971,033 shares of the company's stock valued at $100,386,000 after acquiring an additional 991,392 shares during the last quarter. Mackenzie Financial Corp lifted its stake in BRP by 71.7% in the 4th quarter. Mackenzie Financial Corp now owns 1,639,265 shares of the company's stock worth $83,399,000 after purchasing an additional 684,651 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of BRP by 23.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,514,230 shares of the company's stock valued at $77,223,000 after purchasing an additional 288,004 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of BRP by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 1,224,330 shares of the company's stock valued at $62,355,000 after purchasing an additional 19,874 shares in the last quarter.

BRP Stock Up 3.1 %

Shares of BRP stock traded up $1.03 on Friday, reaching $34.49. The company's stock had a trading volume of 54,392 shares, compared to its average volume of 222,234. BRP has a 52 week low of $31.78 and a 52 week high of $74.00. The firm's fifty day simple moving average is $37.48 and its two-hundred day simple moving average is $46.10. The company has a quick ratio of 0.57, a current ratio of 1.37 and a debt-to-equity ratio of 5.19. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 18.34 and a beta of 1.71.

BRP (NASDAQ:DOOO - Get Free Report) last issued its earnings results on Wednesday, March 26th. The company reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.07. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.97 billion. BRP had a return on equity of 61.20% and a net margin of 2.29%. Equities analysts anticipate that BRP will post 3.15 earnings per share for the current year.

BRP Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, April 4th were paid a $0.1508 dividend. This is a positive change from BRP's previous quarterly dividend of $0.15. The ex-dividend date was Friday, April 4th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.75%. BRP's dividend payout ratio is -29.21%.

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.