BRP (NASDAQ:DOOO) Stock Price Expected to Rise, Citigroup Analyst Says

BRP (NASDAQ:DOOO - Get Free Report) had its price target raised by stock analysts at Citigroup from $43.00 to $51.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Citigroup's price target would suggest a potential upside of 5.50% from the stock's previous close.

DOOO has been the subject of several other research reports. Wall Street Zen raised BRP from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Desjardins raised shares of BRP from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. UBS Group cut their price objective on BRP from $45.00 to $35.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Baird R W lowered BRP from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Raymond James reissued a "strong-buy" rating on shares of BRP in a research report on Thursday, March 27th. Eight investment analysts have rated the stock with a hold rating, two have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $43.00.

BRP Stock Performance

DOOO stock traded up $0.45 during midday trading on Monday, hitting $48.34. The company's stock had a trading volume of 4,341 shares, compared to its average volume of 167,710. The stock has a market cap of $3.53 billion, a price-to-earnings ratio of 25.60 and a beta of 1.23. 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 stock's 50-day moving average price is $37.88 and its 200 day moving average price is $42.72. BRP has a 1 year low of $31.78 and a 1 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.04. BRP had a net margin of 2.29% and a return on equity of 61.20%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.78 billion. On average, equities analysts forecast that BRP will post 3.15 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. FIL Ltd raised its stake in BRP by 176.2% during the 4th quarter. FIL Ltd now owns 792,000 shares of the company's stock worth $40,337,000 after acquiring an additional 505,228 shares during the period. CIBC Asset Management Inc lifted its stake in shares of BRP by 14.0% during the 4th quarter. CIBC Asset Management Inc now owns 133,038 shares of the company's stock valued at $7,270,000 after buying an additional 16,379 shares in the last quarter. Invesco Ltd. boosted its holdings in BRP by 18.1% in the 4th quarter. Invesco Ltd. now owns 1,163,257 shares of the company's stock worth $59,175,000 after buying an additional 178,039 shares during the period. Raymond James Financial Inc. purchased a new stake in BRP in the 4th quarter worth $916,000. Finally, Alberta Investment Management Corp increased its stake in BRP by 44.2% in the 4th quarter. Alberta Investment Management Corp now owns 47,300 shares of the company's stock worth $2,408,000 after buying an additional 14,500 shares in the last quarter.

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.

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