BRP (NASDAQ:DOOO) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded BRP (NASDAQ:DOOO) from a "buy" to a "strong-buy" rating, reflecting increased analyst confidence in the stock.
• The current average target price for BRP shares has risen to $43.00, despite having a mix of ratings from analysts, including three "strong buy" and six "hold" ratings.
• BRP stock experienced a 9.5% increase, opening at $62.98, following positive earnings results that exceeded consensus estimates.

BRP (NASDAQ:DOOO - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Saturday.

A number of other brokerages have also weighed in on DOOO. Desjardins upgraded shares of BRP from a "hold" rating to a "buy" rating in a report on Friday, May 30th. TD Securities upgraded shares of BRP from a "hold" rating to a "strong-buy" rating in a research report on Friday, May 30th. Stifel Canada raised shares of BRP from a "hold" rating to a "strong-buy" rating in a research note on Thursday, May 29th. Finally, Citigroup restated a "neutral" rating and set a $51.00 price target (up from $43.00) on shares of BRP in a research report on Monday, June 16th. Four investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, BRP currently has a consensus rating of "Moderate Buy" and a consensus target price of $62.75.

BRP Price Performance

DOOO stock traded up $0.29 during mid-day trading on Friday, hitting $65.42. 317,615 shares of the stock were exchanged, compared to its average volume of 345,286. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.34 and a quick ratio of 0.58. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of -272.58 and a beta of 1.19. The business has a fifty day moving average price of $53.50 and a 200 day moving average price of $44.01. BRP has a 12 month low of $31.78 and a 12 month high of $69.31.

BRP (NASDAQ:DOOO - Get Free Report) last released its 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 during the quarter, compared to the consensus estimate of $1.77 billion. BRP had a positive return on equity of 61.26% and a negative net margin of 0.34%. BRP has set its FY 2026 guidance at 3.090-3.460 EPS. On average, sell-side analysts anticipate that BRP will post 3.15 EPS for the current year.

Institutional Trading of BRP

Large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in BRP in the 4th quarter worth $916,000. Barclays PLC grew its position in shares of BRP by 529.1% in the 4th quarter. Barclays PLC now owns 8,707 shares of the company's stock worth $443,000 after buying an additional 7,323 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of BRP by 16.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 171,554 shares of the company's stock worth $8,727,000 after acquiring an additional 24,171 shares in the last quarter. Jane Street Group LLC lifted its position in BRP by 1.4% during the 4th quarter. Jane Street Group LLC now owns 65,470 shares of the company's stock valued at $3,333,000 after acquiring an additional 933 shares during the period. Finally, Millennium Management LLC lifted its position in BRP by 45.0% during the 4th quarter. Millennium Management LLC now owns 16,339 shares of the company's stock valued at $832,000 after acquiring an additional 5,072 shares during the period.

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.