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

Key Points

• BRP Inc. (NASDAQ:DOOO) has received a consensus rating of "Moderate Buy" from ten research firms, with six analysts rating it as hold, one as buy, and three as strong buy. The average 1-year price target is $43.00.
• BRP recently announced an increased quarterly dividend of $0.1557, marking a yield of 1.1%, up from the previous quarterly dividend of $0.15.
• The company's stock opened at $55.38 and has shown significant volatility, with a 12-month high of $72.84 and a low of $31.78.

BRP Inc. (NASDAQ:DOOO - Get Free Report) has received a consensus rating of "Moderate Buy" from the ten research firms that are currently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating, one has given a buy rating and three have assigned a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $43.00.

DOOO has been the topic of several recent analyst reports. Stifel Canada upgraded BRP from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 29th. Desjardins upgraded BRP from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. TD Securities upgraded BRP from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 30th. Wall Street Zen upgraded BRP from a "hold" rating to a "buy" rating in a research note on Sunday, July 6th. Finally, Citigroup restated a "neutral" rating and issued a $51.00 price target (up from $43.00) on shares of BRP in a research note on Monday, June 16th.

Institutional Investors Weigh In On BRP

Large investors have recently made changes to their positions in the company. Sagard Holdings Management Inc. bought a new stake in shares of BRP in the second quarter worth about $41,000. Raymond James Financial Inc. bought a new stake in shares of BRP in the second quarter worth about $60,000. Acadian Asset Management LLC bought a new stake in shares of BRP in the first quarter worth about $70,000. State of Wyoming bought a new stake in shares of BRP in the first quarter worth about $93,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of BRP by 75.3% in the first quarter. Russell Investments Group Ltd. now owns 3,820 shares of the company's stock worth $129,000 after purchasing an additional 1,641 shares during the last quarter.

BRP Stock Performance

Shares of DOOO opened at $55.38 on Friday. The business's fifty day simple moving average is $50.85 and its two-hundred day simple moving average is $42.77. The company has a current ratio of 1.34, a quick ratio of 0.58 and a debt-to-equity ratio of 5.85. BRP has a 12 month low of $31.78 and a 12 month high of $72.84. The company has a market cap of $4.04 billion, a price-to-earnings ratio of -135.07 and a beta of 1.24.

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

BRP Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Monday, June 30th were issued a $0.1557 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.62 dividend on an annualized basis and a yield of 1.1%. This is an increase from BRP's previous quarterly dividend of $0.15. BRP's payout ratio is -153.66%.

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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