BRP (NASDAQ:DOOO) Stock Rating Upgraded by Desjardins

Desjardins upgraded shares of BRP (NASDAQ:DOOO - Free Report) from a hold rating to a buy rating in a research report released on Friday, Marketbeat reports. Desjardins also issued estimates for BRP's Q2 2026 earnings at $0.35 EPS, Q4 2026 earnings at $0.94 EPS and FY2027 earnings at $3.15 EPS.

A number of other research firms also recently weighed in on DOOO. UBS Group decreased their target price on BRP from $45.00 to $35.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. TD Securities reissued a "hold" rating on shares of BRP in a research report on Thursday, March 27th. Robert W. Baird reissued a "neutral" rating and set a $43.00 target price (down from $48.00) on shares of BRP in a research report on Friday, April 4th. Raymond James reissued a "strong-buy" rating on shares of BRP in a research report on Thursday, March 27th. Finally, Citigroup raised BRP from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $27.00 to $37.00 in a research report on Friday, April 4th. Eight investment analysts have rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $53.75.

BRP Stock Performance

Shares of BRP stock traded up $0.64 during trading on Friday, reaching $45.18. The company's stock had a trading volume of 64,102 shares, compared to its average volume of 165,041. The company has a debt-to-equity ratio of 5.19, a quick ratio of 0.57 and a current ratio of 1.37. The business's fifty day moving average price is $35.64 and its 200-day moving average price is $42.79. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 24.03 and a beta of 1.17. BRP has a one year low of $31.78 and a one year high of $74.00.

BRP (NASDAQ:DOOO - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The company reported $0.33 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.04. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.78 billion. BRP had a return on equity of 61.20% and a net margin of 2.29%. As a group, equities research analysts predict that BRP will post 3.15 earnings per share for the current year.

BRP Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.1557 per share. This represents a $0.62 dividend on an annualized basis and a yield of 1.38%. This is an increase from BRP's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Monday, June 30th. BRP's payout ratio is presently -143.90%.

Institutional Investors Weigh In On BRP

A number of institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC acquired a new stake in BRP during the first quarter valued at approximately $70,000. Jane Street Group LLC raised its position in BRP by 110.9% in the 1st quarter. Jane Street Group LLC now owns 138,051 shares of the company's stock worth $4,663,000 after purchasing an additional 72,581 shares during the last quarter. Goldman Sachs Group Inc. raised 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 raised its position in BRP by 28,660.0% in the 1st quarter. Jones Financial Companies Lllp now owns 21,570 shares of the company's stock worth $729,000 after purchasing an additional 21,495 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in BRP in the 1st quarter worth approximately $207,000.

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.