BRP Inc. (NASDAQ:DOOO) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of BRP Inc. (NASDAQ:DOOO - Get Free Report) have been given an average recommendation of "Moderate Buy" by the seven brokerages that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $111.75.

DOOO has been the subject of a number of analyst reports. Raymond James reduced their price objective on shares of BRP from $114.00 to $108.00 and set a "strong-buy" rating for the company in a research note on Monday. TheStreet lowered shares of BRP from a "b-" rating to a "c+" rating in a research note on Monday, February 26th. CIBC lifted their price target on shares of BRP from $106.00 to $110.00 and gave the stock an "outperformer" rating in a research note on Monday. Finally, Desjardins lifted their price target on shares of BRP from $112.00 to $137.00 and gave the stock a "buy" rating in a research note on Tuesday.

Institutional Trading of BRP

Several large investors have recently added to or reduced their stakes in the business. Beutel Goodman & Co Ltd. grew its position in BRP by 13.3% during the second quarter. Beutel Goodman & Co Ltd. now owns 3,763,837 shares of the company's stock valued at $318,543,000 after buying an additional 440,782 shares during the period. Vanguard Group Inc. lifted its holdings in BRP by 1.5% during the third quarter. Vanguard Group Inc. now owns 1,282,737 shares of the company's stock valued at $97,308,000 after purchasing an additional 18,859 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in BRP by 10.9% during the third quarter. Westfield Capital Management Co. LP now owns 1,094,083 shares of the company's stock valued at $82,997,000 after purchasing an additional 107,383 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of BRP by 0.7% in the third quarter. Invesco Ltd. now owns 930,298 shares of the company's stock worth $70,572,000 after buying an additional 6,117 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of BRP by 51.6% in the first quarter. Bank of America Corp DE now owns 734,279 shares of the company's stock worth $57,421,000 after buying an additional 250,005 shares in the last quarter.

BRP Stock Down 3.2 %

NASDAQ:DOOO traded down $2.37 on Thursday, reaching $71.77. 193,023 shares of the stock traded hands, compared to its average volume of 142,699. The company has a market capitalization of $5.44 billion, a price-to-earnings ratio of 10.22 and a beta of 2.12. The company has a current ratio of 1.41, a quick ratio of 0.41 and a debt-to-equity ratio of 3.32. BRP has a 12 month low of $57.15 and a 12 month high of $92.74. The company's fifty day simple moving average is $65.64 and its 200 day simple moving average is $68.65.

BRP Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Monday, April 8th will be given a dividend of $0.1545 per share. The ex-dividend date of this dividend is Friday, April 5th. This represents a $0.62 annualized dividend and a yield of 0.86%. BRP's dividend payout ratio (DPR) is 7.55%.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in North America, Europe, Australia, New Zealand, and Latin America. The company operates through two segments, Powersports and Marine. The Powersports segment offers year-round products, such as Can-Am ATVs, SSVs, and 3WVs; seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo PWCs and pontoons, and Rotax engines for karts and recreational aircraft.