BRP Inc. (NASDAQ:DOOO) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

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 research firms that are presently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and four have issued a strong buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $71.50.

Several analysts have recently issued reports on the company. BMO Capital Markets reiterated an "outperform" rating on shares of BRP in a research note on Tuesday, September 2nd. National Bankshares set a $105.00 price target on BRP and gave the company a "sector perform" rating in a research report on Tuesday, September 2nd. Royal Bank Of Canada reissued an "outperform" rating on shares of BRP in a research report on Tuesday, September 2nd. Wall Street Zen upgraded shares of BRP from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 30th. Finally, Citigroup boosted their price target on shares of BRP from $51.00 to $68.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 3rd.

Institutional Inflows and Outflows

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

BRP Stock Down 3.6%

Shares of DOOO stock traded down $2.31 during midday trading on Tuesday, reaching $61.10. 333,550 shares of the stock were exchanged, compared to its average volume of 356,629. BRP has a 1 year low of $31.78 and a 1 year high of $68.42. The firm has a market cap of $4.46 billion, a PE ratio of -254.58 and a beta of 1.19. The company's 50 day moving average is $56.57 and its two-hundred day moving average is $45.83. The company has a current ratio of 1.34, a quick ratio of 0.55 and a debt-to-equity ratio of 5.54.

BRP (NASDAQ:DOOO - Get Free Report) last posted its quarterly earnings results on Friday, August 29th. The company reported $0.67 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.34. BRP had a negative net margin of 0.34% and a positive return on equity of 61.26%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.77 billion. BRP has set its FY 2026 guidance at 3.090-3.460 EPS. On average, equities research analysts predict that BRP will post 3.15 EPS for the current year.

BRP Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.215 per share. The ex-dividend date is Tuesday, September 30th. This is a positive change from BRP's previous quarterly dividend of $0.16. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.4%. BRP's dividend payout ratio (DPR) is currently -262.50%.

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.