BRP (NASDAQ:DOOO) Stock Rating Upgraded by TD Securities

TD Securities upgraded shares of BRP (NASDAQ:DOOO - Free Report) from a hold rating to a strong-buy rating in a research report report published on Friday, MarketBeat Ratings reports.

Several other research analysts also recently weighed in on DOOO. Desjardins upgraded BRP from a "hold" rating to a "buy" rating in a research note on Friday. Raymond James restated a "strong-buy" rating on shares of BRP in a research note on Thursday, March 27th. Citigroup raised shares of BRP from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $27.00 to $37.00 in a research report on Friday, April 4th. Robert W. Baird reissued a "neutral" rating and set a $43.00 target price (down previously from $48.00) on shares of BRP in a research report on Friday, April 4th. Finally, UBS Group dropped their price objective on shares of BRP from $45.00 to $35.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Eight 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 stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $53.75.

BRP Stock Up 9.1%

Shares of BRP stock traded up $3.71 on Friday, reaching $44.26. The stock had a trading volume of 600,260 shares, compared to its average volume of 164,874. The company has a 50 day moving average price of $35.51 and a 200 day moving average price of $42.85. The company has a quick ratio of 0.57, a current ratio of 1.37 and a debt-to-equity ratio of 5.19. BRP has a 1 year low of $31.78 and a 1 year high of $74.00. The stock has a market capitalization of $3.23 billion, a P/E ratio of 23.54 and a beta of 1.17.

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 net margin of 2.29% and a return on equity of 61.20%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.78 billion. As a group, equities research analysts forecast that BRP will post 3.15 EPS 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 given a $0.1557 dividend. This represents a $0.62 annualized dividend and a yield of 1.41%. 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. BRP's dividend payout ratio is currently -29.21%.

Institutional Investors Weigh In On BRP

Hedge funds have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in BRP by 0.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 35,827 shares of the company's stock worth $1,823,000 after buying an additional 293 shares in the last quarter. Dnca Finance boosted its stake in shares of BRP by 36.1% during the 4th quarter. Dnca Finance now owns 1,390 shares of the company's stock worth $71,000 after acquiring an additional 369 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of BRP by 259.3% during the 4th 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 boosted its stake in shares of BRP by 296.1% during the 4th quarter. Signaturefd LLC now owns 1,208 shares of the company's stock worth $61,000 after acquiring an additional 903 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of BRP by 1.4% during the 4th quarter. Jane Street Group LLC now owns 65,470 shares of the company's stock worth $3,333,000 after acquiring an additional 933 shares in the last quarter.

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.