BRP (NASDAQ:DOOO) Cut to Buy at Wall Street Zen

Key Points

• BRP was downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen, reflecting a shift in analyst sentiment.
• Following multiple analyst activities, BRP now has an average rating of "Moderate Buy" and a consensus price target of $72.75.
• In its latest earnings report, BRP outperformed expectations with $0.67 earnings per share, surpassing the consensus estimate of $0.33.

BRP (NASDAQ:DOOO - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report issued on Saturday.

DOOO has been the subject of a number of other reports. Citigroup upgraded BRP from a "neutral" rating to a "buy" rating and increased their price target for the stock from $68.00 to $73.00 in a report on Wednesday, October 1st. BMO Capital Markets reiterated an "outperform" rating on shares of BRP in a report on Tuesday, September 2nd. Zacks Research upgraded BRP from a "hold" rating to a "strong-buy" rating in a report on Tuesday, September 2nd. TD Securities restated a "buy" rating on shares of BRP in a report on Tuesday, September 2nd. Finally, Canaccord Genuity Group upgraded BRP from a "hold" rating to a "buy" rating in a report on Tuesday, September 2nd. Four equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, BRP has an average rating of "Moderate Buy" and a consensus price target of $72.75.

BRP Stock Performance

NASDAQ DOOO opened at $63.86 on Friday. The stock has a market cap of $4.66 billion, a PE ratio of -266.08 and a beta of 1.19. 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 has a twelve month low of $31.78 and a twelve month high of $68.42. The stock has a fifty day simple moving average of $60.72 and a 200-day simple moving average of $48.40.

BRP (NASDAQ:DOOO - Get Free Report) last released 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. The business had revenue of $1.36 billion during the quarter, compared to analysts' expectations of $1.77 billion. BRP had a positive return on equity of 61.26% and a negative net margin of 0.34%. BRP has set its FY 2026 guidance at 3.090-3.460 EPS. Equities analysts anticipate that BRP will post 3.15 earnings per share for the current year.

Institutional Investors Weigh In On BRP

Hedge funds have recently bought and sold shares of the stock. Osaic Holdings Inc. raised its position in BRP by 905.8% in the 2nd quarter. Osaic Holdings Inc. now owns 694 shares of the company's stock valued at $34,000 after purchasing an additional 625 shares in the last quarter. Sagard Holdings Management Inc. acquired a new stake in BRP in the 2nd quarter valued at about $41,000. Raymond James Financial Inc. acquired a new stake in BRP in the 2nd quarter valued at about $60,000. Acadian Asset Management LLC acquired a new stake in BRP in the 1st quarter valued at about $70,000. Finally, State of Wyoming acquired a new stake in BRP in the 1st quarter valued at about $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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