Desjardins upgraded shares of BRP (NASDAQ:DOOO - Free Report) from a hold rating to a buy rating in a research note released on Friday, Marketbeat.com 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 brokerages have also weighed in on DOOO. Baird R W lowered BRP from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Robert W. Baird reissued a "neutral" rating and issued a $43.00 price objective (down from $48.00) on shares of BRP in a research note on Friday, April 4th. UBS Group dropped their price objective on BRP from $45.00 to $35.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 23rd. TD Securities reaffirmed a "hold" rating on shares of BRP in a research note on Thursday, March 27th. Finally, Citigroup raised BRP from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $27.00 to $37.00 in a report on Friday, April 4th. Eight investment analysts have rated the stock with a hold rating, two have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $53.75.
Check Out Our Latest Stock Report on DOOO
BRP Price Performance
BRP stock traded up $3.71 during mid-day trading on Friday, reaching $44.26. 600,260 shares of the company were exchanged, compared to its average volume of 164,874. The company has a fifty day simple moving average of $35.51 and a 200-day simple moving average of $42.85. BRP has a 12 month low of $31.78 and a 12 month high of $74.00. The company has a debt-to-equity ratio of 5.19, a current ratio of 1.37 and a quick ratio of 0.57. The firm has a market cap of $3.23 billion, a PE ratio of 23.54 and a beta of 1.17.
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. BRP had a return on equity of 61.20% and a net margin of 2.29%. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.78 billion. As a group, equities research analysts expect that BRP will post 3.15 earnings per share for the current fiscal year.
BRP Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be issued a $0.1557 dividend. The ex-dividend date of this dividend is Monday, June 30th. This is a positive change from BRP's previous quarterly dividend of $0.15. This represents a $0.62 annualized dividend and a dividend yield of 1.41%. BRP's dividend payout ratio is currently -29.21%.
Hedge Funds Weigh In On BRP
Several institutional investors have recently bought and sold shares of DOOO. Quadrant Capital Group LLC lifted its position in shares of BRP by 259.3% during the fourth quarter. Quadrant Capital Group LLC now owns 679 shares of the company's stock worth $35,000 after acquiring an additional 490 shares in the last quarter. Signaturefd LLC increased its stake in BRP by 296.1% in the fourth quarter. Signaturefd LLC now owns 1,208 shares of the company's stock valued at $61,000 after acquiring an additional 903 shares during the last quarter. Acadian Asset Management LLC bought a new position in BRP in the first quarter valued at $70,000. Dnca Finance increased its stake in BRP by 36.1% in the fourth quarter. Dnca Finance now owns 1,390 shares of the company's stock valued at $71,000 after acquiring an additional 369 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new position in shares of BRP during the fourth quarter valued at about $77,000.
BRP Company Profile
(
Get Free Report)
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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