BRP (NASDAQ:DOOO) Stock Rating Upgraded by Citigroup

Key Points

• Citigroup has upgraded BRP's stock rating from "neutral" to "buy", with a target price of $73.00, suggesting a potential upside of 20.11% from the previous close.
• BRP reported quarterly earnings of $0.67 per share, exceeding estimates, but the revenue was below expectations at $1.36 billion.
• Several other analysts have rated BRP positively, with four giving it a Strong Buy rating, indicating strong market confidence in the company's performance.

BRP (NASDAQ:DOOO - Get Free Report) was upgraded by Citigroup from a "neutral" rating to a "buy" rating in a report issued on Wednesday,Finviz reports. The firm currently has a $73.00 target price on the stock. Citigroup's target price indicates a potential upside of 20.11% from the company's previous close.

Several other research analysts have also recently commented on DOOO. National Bankshares set a $105.00 target price on shares of BRP and gave the stock a "sector perform" rating in a research report on Tuesday, September 2nd. CIBC upgraded shares of BRP from a "neutral" rating to a "sector outperform" rating in a report on Tuesday, September 2nd. BMO Capital Markets restated an "outperform" rating on shares of BRP in a research report on Tuesday, September 2nd. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of BRP in a report on Tuesday, September 2nd. Finally, Cibc World Mkts raised shares of BRP from a "hold" rating to a "strong-buy" rating in a report on Monday, September 1st. Four analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, BRP has an average rating of "Moderate Buy" and an average target price of $72.75.

BRP Trading Up 0.4%

Shares of BRP stock opened at $60.78 on Wednesday. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.34 and a quick ratio of 0.55. BRP has a 1 year low of $31.78 and a 1 year high of $68.42. The company has a market capitalization of $4.44 billion, a P/E ratio of -253.25 and a beta of 1.19. The business has a 50 day moving average price of $58.25 and a 200 day moving average price of $46.90.

BRP (NASDAQ:DOOO - Get Free Report) last issued its quarterly earnings results on Friday, August 29th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.34. BRP had a positive return on equity of 61.26% and a negative net margin of 0.34%.The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.77 billion. BRP has set its FY 2026 guidance at 3.090-3.460 EPS. Sell-side analysts anticipate that BRP will post 3.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its stake in BRP by 10.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 109,158 shares of the company's stock valued at $3,685,000 after acquiring an additional 10,004 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its stake in BRP by 31.2% in the first quarter. Ontario Teachers Pension Plan Board now owns 64,941 shares of the company's stock valued at $2,193,000 after acquiring an additional 15,447 shares during the last quarter. Fiera Capital Corp lifted its stake in BRP by 5.5% in the first quarter. Fiera Capital Corp now owns 135,330 shares of the company's stock valued at $4,574,000 after acquiring an additional 7,082 shares during the last quarter. National Bank of Canada FI lifted its stake in BRP by 20.0% in the first quarter. National Bank of Canada FI now owns 495,657 shares of the company's stock valued at $16,731,000 after acquiring an additional 82,723 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of BRP by 6.2% in the first quarter. Invesco Ltd. now owns 1,234,801 shares of the company's stock valued at $41,749,000 after purchasing an additional 71,544 shares during the period.

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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