BRP's (DOOO) Sell (D+) Rating Reiterated at Weiss Ratings

Key Points

• BRP's stock has been given a "sell (D+)" rating by Weiss Ratings, which was reiterated in a recent report.
• Multiple analysts have upgraded BRP's rating, with Zacks Research and Wall Street Zen both assigning a "strong-buy" rating.
• BRP reported earnings per share of $0.67 for the last quarter, exceeding expectations, but fell short of revenue estimates with $1.36 billion reported.

BRP (NASDAQ:DOOO - Get Free Report)'s stock had its "sell (d+)" rating reiterated by equities research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

A number of other analysts also recently commented on the stock. Zacks Research upgraded shares of BRP from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 2nd. BMO Capital Markets restated an "outperform" rating on shares of BRP in a research note on Tuesday, September 2nd. UBS Group increased their price objective on shares of BRP from $35.00 to $70.00 and gave the stock a "neutral" rating in a report on Friday, September 5th. Wall Street Zen raised shares of BRP from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 30th. Finally, Canaccord Genuity Group upgraded shares of BRP from a "hold" rating to a "buy" rating in a report on Tuesday, September 2nd. Four analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, BRP presently has an average rating of "Moderate Buy" and an average price target of $72.75.

BRP Stock Performance

Shares of BRP stock traded up $0.53 on Wednesday, reaching $66.99. 113,285 shares of the stock were exchanged, compared to its average volume of 247,165. The company has a current ratio of 1.34, a quick ratio of 0.55 and a debt-to-equity ratio of 5.54. The business has a fifty day moving average price of $59.81 and a two-hundred day moving average price of $47.88. BRP has a 1-year low of $31.78 and a 1-year high of $68.42. The firm has a market capitalization of $4.89 billion, a PE ratio of -279.13 and a beta of 1.19.

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

Hedge Funds Weigh In On BRP

A number of large investors have recently modified their holdings of DOOO. Osaic Holdings Inc. raised its position in BRP by 905.8% in the 2nd quarter. Osaic Holdings Inc. now owns 694 shares of the company's stock valued at $34,000 after buying an additional 625 shares during the last quarter. Sagard Holdings Management Inc. purchased a new stake in BRP in the 2nd quarter worth about $41,000. Raymond James Financial Inc. bought a new position in BRP in the 2nd quarter worth about $60,000. Acadian Asset Management LLC bought a new position in BRP in the 1st quarter worth about $70,000. Finally, State of Wyoming bought a new stake in shares of BRP during the 1st quarter valued at about $93,000.

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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