BRP (NASDAQ:DOOO) Upgraded by Stifel Canada to "Strong-Buy" Rating

Stifel Canada upgraded shares of BRP (NASDAQ:DOOO - Free Report) from a hold rating to a strong-buy rating in a research note released on Thursday,Zacks.com reports.

Other analysts also recently issued research reports about the stock. Baird R W downgraded shares of BRP from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Desjardins raised shares of BRP from a "hold" rating to a "buy" rating in a report on Friday, May 30th. UBS Group dropped their target price on BRP from $45.00 to $35.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Robert W. Baird reaffirmed a "neutral" rating and issued a $43.00 price target (down previously from $48.00) on shares of BRP in a report on Friday, April 4th. Finally, TD Securities raised shares of BRP from a "hold" rating to a "strong-buy" rating in a research note on Friday, May 30th. Eight investment analysts have rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, BRP presently has an average rating of "Moderate Buy" and a consensus target price of $38.33.

BRP Trading Up 3.3%

NASDAQ DOOO traded up $1.48 on Thursday, hitting $46.72. The company's stock had a trading volume of 103,963 shares, compared to its average volume of 216,539. The company's 50-day moving average is $35.83 and its 200 day moving average is $42.80. BRP has a 1-year low of $31.78 and a 1-year high of $74.00. The firm has a market cap of $3.41 billion, a PE ratio of 24.85 and a beta of 1.17. 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 (NASDAQ:DOOO - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.04. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.78 billion. BRP had a net margin of 2.29% and a return on equity of 61.20%. As a group, analysts predict that BRP will post 3.15 earnings per share for the current fiscal year.

BRP Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be paid a $0.1557 dividend. This is a boost from BRP's previous quarterly dividend of $0.15. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Monday, June 30th. BRP's dividend payout ratio is currently -143.90%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DOOO. Quadrant Capital Group LLC boosted its stake in BRP by 259.3% during the 4th quarter. Quadrant Capital Group LLC now owns 679 shares of the company's stock valued at $35,000 after purchasing an additional 490 shares during the last quarter. Signaturefd LLC boosted its position in shares of BRP by 296.1% during the fourth quarter. Signaturefd LLC now owns 1,208 shares of the company's stock valued at $61,000 after buying an additional 903 shares during the last quarter. Acadian Asset Management LLC purchased a new position in BRP in the 1st quarter worth about $70,000. Dnca Finance raised its position in BRP by 36.1% in the 4th quarter. Dnca Finance now owns 1,390 shares of the company's stock worth $71,000 after buying an additional 369 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. bought a new position in BRP during the 4th quarter valued at about $77,000.

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.