BRP Inc. (NASDAQ:DOOO) Given Consensus Rating of "Moderate Buy" by Brokerages

BRP Inc. (NASDAQ:DOOO - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the twelve research firms that are presently covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating, one has issued a buy rating and three have assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $43.00.

DOOO has been the subject of several recent research reports. Robert W. Baird restated a "neutral" rating and issued a $43.00 price target (down from $48.00) on shares of BRP in a research report on Friday, April 4th. UBS Group decreased 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, April 23rd. Citigroup restated a "neutral" rating and issued a $51.00 price target (up from $43.00) on shares of BRP in a research report on Monday, June 16th. TD Securities raised shares of BRP from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 30th. Finally, Baird R W lowered shares of BRP from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th.

BRP Price Performance

DOOO stock opened at $52.44 on Thursday. The company has a 50 day simple moving average of $41.50 and a 200 day simple moving average of $42.63. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of -127.90 and a beta of 1.23. BRP has a 1 year low of $31.78 and a 1 year high of $74.00. The company has a debt-to-equity ratio of 5.85, a current ratio of 1.34 and a quick ratio of 0.58.

BRP (NASDAQ:DOOO - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.04. BRP had a negative net margin of 0.55% and a positive return on equity of 54.71%. The business had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.78 billion. Research analysts anticipate that BRP will post 3.15 EPS for the current fiscal year.

BRP Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be paid a $0.1557 dividend. This is a positive change from BRP's previous quarterly dividend of $0.15. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Monday, June 30th. BRP's dividend payout ratio is currently -153.66%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Acadian Asset Management LLC bought a new position in BRP during the first quarter worth $70,000. Jane Street Group LLC boosted its stake in BRP by 110.9% during the first quarter. Jane Street Group LLC now owns 138,051 shares of the company's stock worth $4,663,000 after acquiring an additional 72,581 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in BRP by 144.4% during the first quarter. Goldman Sachs Group Inc. now owns 723,443 shares of the company's stock worth $24,460,000 after acquiring an additional 427,434 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in BRP by 28,660.0% during the first quarter. Jones Financial Companies Lllp now owns 21,570 shares of the company's stock worth $729,000 after acquiring an additional 21,495 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in BRP during the first quarter worth $207,000.

BRP Company Profile

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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