BRP Inc. (NASDAQ:DOOO) Given Average Recommendation of “Hold” by Brokerages

Shares of BRP Inc. (NASDAQ:DOOO) have been assigned an average recommendation of “Hold” from the nine analysts that are currently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $97.00.

DOOO has been the topic of a number of recent research reports. UBS Group cut their price target on BRP from $66.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday, September 13th. Cibc World Mkts lowered shares of BRP from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th. Desjardins downgraded shares of BRP from a “moderate buy” rating to a “hold” rating in a research note on Sunday, September 8th. Scotiabank cut shares of BRP from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, September 9th. Finally, Stifel Nicolaus downgraded BRP from a “buy” rating to a “hold” rating in a report on Wednesday, August 21st.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its position in shares of BRP by 61.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,076,187 shares of the company’s stock valued at $68,850,000 after purchasing an additional 408,692 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of BRP by 45.6% during the 2nd quarter. American Century Companies Inc. now owns 1,072,168 shares of the company’s stock worth $68,656,000 after buying an additional 335,715 shares in the last quarter. National Bank of Canada FI grew its position in shares of BRP by 13.5% during the 2nd quarter. National Bank of Canada FI now owns 479,312 shares of the company’s stock worth $30,455,000 after buying an additional 56,954 shares during the period. QV Investors Inc. bought a new stake in shares of BRP in the 2nd quarter valued at $28,142,000. Finally, TD Asset Management Inc lifted its position in shares of BRP by 15.1% during the 2nd quarter. TD Asset Management Inc now owns 272,603 shares of the company’s stock valued at $17,462,000 after acquiring an additional 35,695 shares during the period.

BRP Stock Performance

Shares of BRP stock opened at $50.68 on Monday. The company’s 50 day moving average price is $61.73 and its two-hundred day moving average price is $65.24. The firm has a market capitalization of $3.76 billion, a P/E ratio of 9.16 and a beta of 2.06. BRP has a fifty-two week low of $49.92 and a fifty-two week high of $77.12. The company has a debt-to-equity ratio of 4.99, a current ratio of 1.32 and a quick ratio of 0.37.

BRP (NASDAQ:DOOO) last released its quarterly earnings data on Friday, September 6th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.23. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.35 billion. BRP had a return on equity of 79.58% and a net margin of 2.78%. On average, equities analysts forecast that BRP will post 2.21 earnings per share for the current fiscal year.

BRP Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a dividend of $0.152 per share. This represents a $0.61 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Friday, September 27th. BRP’s dividend payout ratio (DPR) is presently 11.21%.

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.