BRP Inc. (DOO) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analysts have a consensus “Hold” rating on BRP: six recommend buying, seven recommend holding, and one recommends selling. The average 12-month price target is $84.
• Recent analyst views were mixed: TD Securities upgraded BRP to “Buy,” while Zacks Research cut it to “Hold” and Weiss Ratings downgraded it to “Sell.”
• Several institutional investors increased their BRP holdings, including Lazard Asset Management, which raised its position by 324.1%. BRP also pays a quarterly dividend of C$0.25, equivalent to a 1.5% yield.

Shares of BRP Inc. (NASDAQ:DOO - Get Free Report) have been given a consensus rating of "Hold" by the fourteen analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $84.00.

A number of research firms have recently commented on DOO. Zacks Research cut BRP from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 8th. TD Securities upgraded BRP from a "hold" rating to a "buy" rating in a research report on Tuesday, August 18th. Citigroup raised their price objective on BRP from $74.00 to $77.00 and gave the company a "buy" rating in a research note on Tuesday, September 8th. Scotiabank reiterated a "sector perform" rating on shares of BRP in a research report on Friday, September 4th. Finally, Weiss Ratings downgraded BRP from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, October 8th.

Institutional Investors Weigh In On BRP

Hedge funds and other institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its position in BRP by 2.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,078,181 shares of the company's stock worth $65,728,000 after purchasing an additional 23,055 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of BRP by 11.2% during the first quarter. Dimensional Fund Advisors LP now owns 206,229 shares of the company's stock worth $14,805,000 after buying an additional 20,786 shares during the last quarter. TD Asset Management Inc grew its stake in shares of BRP by 3.7% during the second quarter. TD Asset Management Inc now owns 232,711 shares of the company's stock worth $14,210,000 after buying an additional 8,239 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in shares of BRP by 9.9% during the third quarter. Public Sector Pension Investment Board now owns 208,369 shares of the company's stock worth $11,108,000 after buying an additional 18,750 shares in the last quarter. Finally, Lazard Asset Management LLC increased its holdings in shares of BRP by 324.1% during the first quarter. Lazard Asset Management LLC now owns 152,035 shares of the company's stock worth $10,931,000 after buying an additional 116,189 shares in the last quarter.

BRP Stock Down 0.8%

Shares of DOO opened at $65.99 on Wednesday. The firm has a 50 day simple moving average of $58.90 and a two-hundred day simple moving average of $63.30. The company has a debt-to-equity ratio of 7.31, a current ratio of 1.19 and a quick ratio of 0.52. BRP has a one year low of $48.83 and a one year high of $81.89. The company has a market cap of $4.70 billion, a P/E ratio of 59.99 and a beta of 1.00.

BRP Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 13th. Stockholders of record on Tuesday, September 29th were paid a C$0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, September 29th. BRP's dividend payout ratio (DPR) is presently 65.45%.

About BRP

BRP Inc. is a Canadian company that designs, develops, manufactures and distributes powersports vehicles, marine products and propulsion systems. Its well-known brands include Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercraft, and Can-Am all-terrain vehicles, side-by-side vehicles and three-wheeled motorcycles. The company also offers boats under brands including Alumacraft and Manitou, as well as Rotax engines and related parts, accessories and apparel. BRP sells its products through a network of dealers and distributors serving customers in markets around the world.

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