Wall Street Zen Downgrades BRP (NASDAQ:DOOO) to Buy

BRP (NASDAQ:DOOO) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

Several other analysts also recently weighed in on the stock. Zacks Research upgraded shares of BRP from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 2nd. CIBC upgraded shares of BRP from a “neutral” rating to a “sector outperform” rating in a report on Tuesday, September 2nd. Weiss Ratings reiterated a “sell (d+)” rating on shares of BRP in a report on Wednesday, October 8th. TD Securities reissued a “buy” rating on shares of BRP in a research report on Tuesday, September 2nd. Finally, Canaccord Genuity Group raised shares of BRP from a “hold” rating to a “buy” rating in a research report on Tuesday, September 2nd. Four investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, BRP has a consensus rating of “Moderate Buy” and a consensus price target of $72.75.

BRP Stock Down 3.1%

BRP stock opened at $63.86 on Friday. BRP has a fifty-two week low of $31.78 and a fifty-two week high of $68.42. The company has a debt-to-equity ratio of 5.54, a quick ratio of 0.55 and a current ratio of 1.34. The firm has a 50 day moving average price of $60.72 and a 200 day moving average price of $48.56. The company has a market capitalization of $4.66 billion, a PE ratio of -266.08 and a beta of 1.19.

BRP (NASDAQ:DOOO) last posted its earnings results on Friday, August 29th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.34. BRP had a negative net margin of 0.34% and a positive return on equity of 61.26%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.77 billion. BRP has set its FY 2026 guidance at 3.090-3.460 EPS. Research analysts expect that BRP will post 3.15 earnings per share for the current year.

Institutional Investors Weigh In On BRP

Several institutional investors have recently modified their holdings of DOOO. Osaic Holdings Inc. lifted its position in shares of BRP by 905.8% during the 2nd quarter. Osaic Holdings Inc. now owns 694 shares of the company’s stock worth $34,000 after purchasing an additional 625 shares during the last quarter. Sagard Holdings Management Inc. purchased a new stake in shares of BRP during the 2nd quarter worth $41,000. Raymond James Financial Inc. purchased a new stake in shares of BRP during the 2nd quarter worth $60,000. Acadian Asset Management LLC purchased a new stake in shares of BRP during the 1st quarter worth $70,000. Finally, State of Wyoming purchased a new stake in shares of BRP during the 1st quarter worth $93,000.

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.