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

Shares of BRP Inc. (NASDAQ:DOOO) have earned an average rating of “Hold” from the eleven brokerages that are presently covering the company, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $53.75.

A number of research analysts have recently weighed in on DOOO shares. Raymond James reissued a “strong-buy” rating on shares of BRP in a research report on Thursday, March 27th. Baird R W downgraded shares of BRP from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Citigroup raised shares of BRP from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $27.00 to $37.00 in a report on Friday, April 4th. Robert W. Baird reaffirmed a “neutral” rating and issued a $43.00 price objective (down from $48.00) on shares of BRP in a report on Friday, April 4th. Finally, UBS Group cut their price objective on shares of BRP from $45.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, April 23rd.

BRP Stock Down 0.2%

BRP stock opened at $37.38 on Wednesday. BRP has a twelve month low of $31.78 and a twelve month high of $74.00. The firm has a 50 day moving average price of $35.56 and a 200-day moving average price of $43.50. The company has a market capitalization of $2.73 billion, a P/E ratio of 19.88 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) last released its earnings results on Wednesday, March 26th. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.07. BRP had a net margin of 2.29% and a return on equity of 61.20%. The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.97 billion. As a group, equities analysts predict that BRP will post 3.15 EPS for the current year.

BRP Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 18th. Stockholders of record on Friday, April 4th were issued a $0.1508 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.60 annualized dividend and a dividend yield of 1.61%. This is a boost from BRP’s previous quarterly dividend of $0.15. BRP’s dividend payout ratio is presently -29.21%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DOOO. Capital World Investors increased its holdings in shares of BRP by 101.2% in the fourth quarter. Capital World Investors now owns 1,971,033 shares of the company’s stock worth $100,386,000 after purchasing an additional 991,392 shares during the period. Mackenzie Financial Corp increased its holdings in shares of BRP by 71.7% in the fourth quarter. Mackenzie Financial Corp now owns 1,639,265 shares of the company’s stock worth $83,399,000 after purchasing an additional 684,651 shares during the period. Turtle Creek Asset Management Inc. increased its holdings in shares of BRP by 29.0% in the fourth quarter. Turtle Creek Asset Management Inc. now owns 2,970,680 shares of the company’s stock worth $151,118,000 after purchasing an additional 668,607 shares during the period. FIL Ltd increased its holdings in shares of BRP by 176.2% in the fourth quarter. FIL Ltd now owns 792,000 shares of the company’s stock worth $40,337,000 after purchasing an additional 505,228 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of BRP by 144.4% in the first quarter. Goldman Sachs Group Inc. now owns 723,443 shares of the company’s stock worth $24,460,000 after purchasing an additional 427,434 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.