Brokerages Set BRP Inc. (NASDAQ:DOOO) Price Target at $111.75

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

Several analysts have issued reports on the stock. Raymond James reduced their price target on shares of BRP from $114.00 to $108.00 and set a "strong-buy" rating on the stock in a report on Monday, April 1st. Desjardins boosted their price objective on shares of BRP from $112.00 to $137.00 and gave the company a "buy" rating in a research report on Tuesday, April 2nd. CIBC boosted their price objective on shares of BRP from $106.00 to $110.00 and gave the company an "outperformer" rating in a research report on Monday, April 1st. Finally, TheStreet lowered shares of BRP from a "b-" rating to a "c+" rating in a research report on Monday, February 26th.

BRP Price Performance

DOOO stock traded up $0.66 during trading on Monday, reaching $69.40. 79,944 shares of the company were exchanged, compared to its average volume of 139,142. The company has a market cap of $5.26 billion, a P/E ratio of 9.89 and a beta of 2.12. BRP has a 52-week low of $57.15 and a 52-week high of $92.74. The stock's 50 day moving average price is $67.04 and its 200 day moving average price is $68.01. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.55 and a current ratio of 1.41.

BRP (NASDAQ:DOOO - Get Free Report) last released its quarterly earnings data on Thursday, March 28th. The company reported $1.81 EPS for the quarter, missing analysts' consensus estimates of $1.93 by ($0.12). BRP had a return on equity of 120.39% and a net margin of 7.20%. The company had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $2.05 billion. As a group, analysts predict that BRP will post 5.7 earnings per share for the current fiscal year.

BRP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 8th were paid a dividend of $0.1545 per share. The ex-dividend date was Friday, April 5th. This represents a $0.62 annualized dividend and a yield of 0.89%. BRP's dividend payout ratio is currently 8.83%.

Institutional Investors Weigh In On BRP

Several institutional investors have recently bought and sold shares of DOOO. Trivant Custom Portfolio Group LLC purchased a new position in shares of BRP in the first quarter valued at $50,000. Barclays PLC boosted its stake in shares of BRP by 232.5% in the third quarter. Barclays PLC now owns 971 shares of the company's stock valued at $73,000 after purchasing an additional 679 shares during the period. Royal London Asset Management Ltd. boosted its stake in shares of BRP by 31.4% in the third quarter. Royal London Asset Management Ltd. now owns 1,717 shares of the company's stock valued at $130,000 after purchasing an additional 410 shares during the period. Clearbridge Investments LLC purchased a new position in shares of BRP in the fourth quarter valued at $211,000. Finally, NewEdge Wealth LLC purchased a new position in shares of BRP in the fourth quarter valued at $215,000.

About BRP

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.