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

Shares of BRP Inc. (NASDAQ:DOOO) have been given an average rating of “Moderate Buy” by the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $111.75.

A number of equities research analysts have recently issued reports on the stock. TheStreet cut shares of BRP from a “b-” rating to a “c+” rating in a research report on Monday, February 26th. Raymond James dropped their price objective on shares of BRP from $114.00 to $108.00 and set a “strong-buy” rating for the company in a research note on Monday, April 1st. CIBC increased their target price on shares of BRP from $106.00 to $110.00 and gave the stock an “outperformer” rating in a research report on Monday, April 1st. Finally, Desjardins lifted their price target 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.

BRP Trading Down 0.0 %

Shares of DOOO stock opened at $67.25 on Monday. BRP has a 12-month low of $57.15 and a 12-month high of $92.74. The company has a market capitalization of $5.10 billion, a PE ratio of 9.65 and a beta of 2.12. The firm has a 50 day moving average price of $67.10 and a two-hundred day moving average price of $67.90. The company has a quick ratio of 0.55, a current ratio of 1.41 and a debt-to-equity ratio of 3.32.

BRP (NASDAQ:DOOO) last announced its earnings results on Thursday, March 28th. The company reported $1.81 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.12). The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2.05 billion. BRP had a return on equity of 120.39% and a net margin of 7.20%. As a group, analysts predict that BRP will post 5.7 earnings per share for the current year.

BRP Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 8th were given a dividend of $0.1545 per share. The ex-dividend date of this dividend was Friday, April 5th. This represents a $0.62 annualized dividend and a dividend yield of 0.92%. BRP’s dividend payout ratio is 8.83%.

Institutional Investors Weigh In On BRP

A number of large investors have recently modified their holdings of DOOO. TD Asset Management Inc lifted its holdings in shares of BRP by 21.2% in the third quarter. TD Asset Management Inc now owns 249,781 shares of the company’s stock worth $18,994,000 after acquiring an additional 43,663 shares during the last quarter. Achmea Investment Management B.V. lifted its stake in BRP by 16.5% in the 3rd quarter. Achmea Investment Management B.V. now owns 24,054 shares of the company’s stock valued at $1,830,000 after purchasing an additional 3,403 shares during the last quarter. Versor Investments LP lifted its stake in BRP by 210.4% in the 3rd quarter. Versor Investments LP now owns 11,693 shares of the company’s stock valued at $885,000 after purchasing an additional 7,926 shares during the last quarter. Barclays PLC boosted its position in BRP by 232.5% in the third quarter. Barclays PLC now owns 971 shares of the company’s stock valued at $73,000 after buying an additional 679 shares in the last quarter. Finally, Shell Asset Management Co. bought a new stake in shares of BRP during the third quarter worth $651,000.

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.