BRP (NASDAQ:DOOO - Get Free Report)'s stock had its "neutral" rating reaffirmed by stock analysts at Citigroup in a research note issued on Monday, Marketbeat.com reports. They currently have a $51.00 target price on the stock, up from their prior target price of $43.00. Citigroup's price target would indicate a potential upside of 7.08% from the company's previous close.
Several other research analysts have also issued reports on DOOO. UBS Group lowered their price target on shares of BRP from $45.00 to $35.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. TD Securities upgraded shares of BRP from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 30th. Wall Street Zen upgraded shares of BRP from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Raymond James Financial reiterated a "strong-buy" rating on shares of BRP in a research note on Thursday, March 27th. Finally, Robert W. Baird reiterated a "neutral" rating and issued a $43.00 price objective (down previously from $48.00) on shares of BRP in a research note on Friday, April 4th. Eight analysts have rated the stock with a hold rating, two have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $43.00.
Read Our Latest Stock Analysis on DOOO
BRP Trading Up 0.9%
BRP stock traded up $0.42 during mid-day trading on Monday, hitting $47.63. 244,816 shares of the stock were exchanged, compared to its average volume of 169,358. The company has a quick ratio of 0.58, a current ratio of 1.34 and a debt-to-equity ratio of 5.85. BRP has a 12 month low of $31.78 and a 12 month high of $74.00. The firm's fifty day simple moving average is $38.60 and its two-hundred day simple moving average is $42.79. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of -116.17 and a beta of 1.23.
BRP (NASDAQ:DOOO - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. BRP had a negative net margin of 0.55% and a positive return on equity of 54.71%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.78 billion. Analysts forecast that BRP will post 3.15 EPS for the current year.
Institutional Trading of BRP
Hedge funds and other institutional investors have recently bought and sold shares of the business. FIL Ltd increased its stake in BRP by 176.2% during the 4th quarter. FIL Ltd now owns 792,000 shares of the company's stock valued at $40,337,000 after purchasing an additional 505,228 shares in the last quarter. CIBC Asset Management Inc increased its stake in 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 purchasing an additional 16,379 shares in the last quarter. Invesco Ltd. increased its stake in BRP by 18.1% during the 4th quarter. Invesco Ltd. now owns 1,163,257 shares of the company's stock valued at $59,175,000 after purchasing an additional 178,039 shares in the last quarter. Raymond James Financial Inc. bought a new stake in BRP during the 4th quarter valued at $916,000. Finally, Alberta Investment Management Corp increased its stake in BRP by 44.2% during the 4th quarter. Alberta Investment Management Corp now owns 47,300 shares of the company's stock valued at $2,408,000 after purchasing an additional 14,500 shares in the last quarter.
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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