BRP Inc. (NASDAQ:DOOO) Receives $53.75 Consensus Price Target from Brokerages

Shares of BRP Inc. (NASDAQ:DOOO - Get Free Report) have been assigned a consensus recommendation of "Hold" from the eleven research firms that are presently covering the stock, Marketbeat.com reports. Ten research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $53.75.

DOOO has been the subject of a number of research analyst reports. TD Securities reiterated a "hold" rating on shares of BRP in a research report on Thursday, March 27th. Robert W. Baird restated a "neutral" rating and set a $43.00 price target (down previously from $48.00) on shares of BRP in a report on Friday, April 4th. Raymond James restated a "strong-buy" rating on shares of BRP in a report on Thursday, March 27th. Citigroup upgraded shares of BRP from a "sell" rating to a "neutral" rating and raised their price target for the company from $27.00 to $37.00 in a report on Friday, April 4th. Finally, UBS Group cut their price target on shares of BRP from $45.00 to $35.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd.

Institutional Trading of BRP

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its position in BRP by 144.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 723,443 shares of the company's stock worth $24,460,000 after purchasing an additional 427,434 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of BRP by 28,660.0% during the 1st 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 during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of BRP during the 1st quarter worth about $207,000. Alliancebernstein L.P. lifted its holdings in BRP by 14.2% during the 1st quarter. Alliancebernstein L.P. now owns 443,904 shares of the company's stock valued at $15,008,000 after purchasing an additional 55,336 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in BRP by 63.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 161,176 shares of the company's stock valued at $5,443,000 after purchasing an additional 62,330 shares during the last quarter.

BRP Price Performance

NASDAQ:DOOO traded up $0.65 during trading hours on Wednesday, reaching $37.41. 116,447 shares of the company's stock were exchanged, compared to its average volume of 160,025. The company has a quick ratio of 0.57, a current ratio of 1.37 and a debt-to-equity ratio of 5.19. The company has a market capitalization of $2.73 billion, a P/E ratio of 19.90 and a beta of 1.17. BRP has a 12 month low of $31.78 and a 12 month high of $74.00. The business's 50-day simple moving average is $35.62 and its two-hundred day simple moving average is $43.72.

BRP (NASDAQ:DOOO - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.62 by $0.07. BRP had a net margin of 2.29% and a return on equity of 61.20%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.97 billion. Sell-side analysts expect that BRP will post 3.15 EPS for the current fiscal year.

BRP Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 18th. Shareholders of record on Friday, April 4th were given a $0.1508 dividend. This represents a $0.60 annualized dividend and a yield of 1.61%. This is a positive change from BRP's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, April 4th. BRP's dividend payout ratio (DPR) is currently -29.21%.

About BRP

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.