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

Key Points

• BRP Inc. has received a consensus rating of "Moderate Buy" from analysts, with six hold, six buy, and four strong buy recommendations.
• The company's shares recently traded at $64.61, with a twelve-month high of $68.42 and a low of $31.78.
• BRP has increased its quarterly dividend to $0.215 per share, up from the previous $0.16, demonstrating a commitment to return value to shareholders.

BRP Inc. (NASDAQ:DOOO - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the sixteen ratings firms that are covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation, six have given a buy recommendation and four have issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $71.50.

DOOO has been the topic of several recent research reports. Desjardins upgraded BRP from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. CIBC upgraded BRP from a "neutral" rating to a "sector outperform" rating in a research report on Tuesday, September 2nd. National Bankshares set a $105.00 price target on BRP and gave the stock a "sector perform" rating in a research report on Tuesday, September 2nd. UBS Group raised their price target on BRP from $35.00 to $70.00 and gave the stock a "neutral" rating in a research report on Friday, September 5th. Finally, Citigroup raised their price target on BRP from $51.00 to $68.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 3rd.

BRP Price Performance

Shares of BRP stock opened at $64.61 on Tuesday. The company has a current ratio of 1.34, a quick ratio of 0.55 and a debt-to-equity ratio of 5.54. The firm has a market capitalization of $4.72 billion, a PE ratio of -269.21 and a beta of 1.19. The business's 50-day moving average price is $55.54 and its 200-day moving average price is $45.22. BRP has a 12 month low of $31.78 and a 12 month high of $68.42.

BRP (NASDAQ:DOOO - Get Free Report) last posted its quarterly earnings results on Friday, August 29th. The company reported $0.67 earnings per share (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 business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.77 billion. BRP has set its FY 2026 guidance at 3.090-3.460 EPS. Sell-side analysts forecast that BRP will post 3.15 EPS for the current fiscal year.

BRP Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be issued a $0.215 dividend. This is an increase from BRP's previous quarterly dividend of $0.16. The ex-dividend date is Tuesday, September 30th. This represents a $0.86 annualized dividend and a yield of 1.3%. BRP's dividend payout ratio (DPR) is -258.33%.

Institutional Investors Weigh In On BRP

Several institutional investors and hedge funds have recently bought and sold shares of DOOO. Osaic Holdings Inc. lifted its holdings in BRP by 905.8% in the 2nd quarter. Osaic Holdings Inc. now owns 694 shares of the company's stock worth $34,000 after buying an additional 625 shares during the period. Sagard Holdings Management Inc. purchased a new stake in BRP in the 2nd quarter worth approximately $41,000. Raymond James Financial Inc. purchased a new stake in BRP in the 2nd quarter worth approximately $60,000. Acadian Asset Management LLC purchased a new stake in BRP in the 1st quarter worth approximately $70,000. Finally, State of Wyoming purchased a new position in shares of BRP in the 1st quarter valued at approximately $93,000.

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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