BRP Inc. (NASDAQ:DOOO) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts give BRP a consensus rating of "Moderate Buy" from 14 analysts (8 buy, 4 hold, 2 strong buy) with an average 12‑month price target of $94.75, and several recent upgrades including RBC lifting its target to $131.
• Shares opened at $72.78, trading near the 52‑week high of $78.07, with a market cap of $5.32 billion and a high trailing PE of 196.7.
• The company shows relatively high leverage and constrained short‑term liquidity (debt‑to‑equity 4.31; quick ratio 0.49), while several hedge funds and institutional investors have recently increased modest positions.

BRP Inc. (NASDAQ:DOOO - Get Free Report) has been given a consensus rating of "Moderate Buy" by the fourteen analysts that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $94.75.

Several equities research analysts have recently issued reports on the company. Citigroup reaffirmed a "buy" rating on shares of BRP in a research report on Wednesday, January 14th. Royal Bank Of Canada increased their target price on BRP from $107.00 to $131.00 and gave the company an "outperform" rating in a research note on Friday, December 5th. Wall Street Zen raised BRP from a "buy" rating to a "strong-buy" rating in a research report on Saturday, December 6th. Canadian Imperial Bank of Commerce reiterated an "outperform" rating on shares of BRP in a report on Friday, December 5th. Finally, Weiss Ratings raised BRP from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, December 8th.

BRP Stock Up 0.1%

DOOO opened at $72.78 on Friday. The company has a market capitalization of $5.32 billion, a PE ratio of 196.70 and a beta of 1.26. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.23 and a quick ratio of 0.49. BRP has a fifty-two week low of $31.78 and a fifty-two week high of $78.07. The business has a 50-day moving average of $72.86 and a 200-day moving average of $70.12.

Hedge Funds Weigh In On BRP

A number of large investors have recently modified their holdings of the stock. Osaic Holdings Inc. boosted its position in shares of BRP by 905.8% in the 2nd quarter. Osaic Holdings Inc. now owns 694 shares of the company's stock worth $34,000 after purchasing an additional 625 shares during the last quarter. Sagard Holdings Management Inc. acquired a new position in BRP in the second quarter valued at about $41,000. JPMorgan Chase & Co. boosted its holdings in BRP by 1,057.4% during the third quarter. JPMorgan Chase & Co. now owns 1,088 shares of the company's stock worth $66,000 after buying an additional 994 shares during the last quarter. Quarry LP bought a new position in BRP during the third quarter worth about $74,000. Finally, Raymond James Financial Inc. acquired a new position in shares of BRP during the 2nd quarter worth about $60,000.

About BRP

BRP Inc, operating under the brand name Bombardier Recreational Products, is a leader in designing, manufacturing and distributing recreational vehicles and propulsion systems for winter, on-road, off-road and water lifestyles. The company's diversified portfolio includes snowmobiles, personal watercraft, all-terrain vehicles and roadsters, all powered by in-house Rotax engines. With a focus on innovation and performance, BRP has positioned itself at the forefront of the powersports industry.

At the heart of BRP's product lineup are its flagship Ski-Doo snowmobiles and Sea-Doo personal watercraft, which serve both recreational and professional segments.

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