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

BRP Inc. (NASDAQ:DOOO) has received a consensus rating of “Moderate Buy” from the nineteen ratings firms that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and four have given a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $84.40.

A number of equities research analysts recently commented on DOOO shares. Natl Bk Canada upgraded shares of BRP from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 4th. Zacks Research cut BRP from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Citigroup reissued a “buy” rating on shares of BRP in a research note on Wednesday. Wall Street Zen upgraded BRP from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 6th. Finally, National Bankshares upgraded BRP from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 4th.

BRP Price Performance

Shares of DOOO opened at $78.19 on Monday. The stock has a 50 day simple moving average of $71.04 and a 200 day simple moving average of $63.35. BRP has a 52-week low of $31.78 and a 52-week high of $78.07. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.49 and a current ratio of 1.23. The firm has a market capitalization of $5.71 billion, a PE ratio of 211.32 and a beta of 1.26.

BRP (NASDAQ:DOOO) last announced its earnings results on Thursday, December 4th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.88 by $0.27. BRP had a net margin of 0.45% and a return on equity of 67.30%. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.50 billion. BRP’s revenue for the quarter was up 14.0% compared to the same quarter last year. BRP has set its FY 2026 guidance at 3.600-3.600 EPS. Sell-side analysts predict that BRP will post 3.15 EPS for the current fiscal year.

BRP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st were given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, December 31st. BRP’s payout ratio is currently 164.86%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Mackenzie Financial Corp increased its stake in BRP by 51.1% in the 2nd quarter. Mackenzie Financial Corp now owns 2,847,424 shares of the company’s stock valued at $138,302,000 after buying an additional 962,696 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of BRP by 519.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 729,921 shares of the company’s stock valued at $44,369,000 after acquiring an additional 612,113 shares during the last quarter. QV Investors Inc. acquired a new stake in shares of BRP in the third quarter valued at about $29,351,000. Goldman Sachs Group Inc. raised its holdings in BRP by 144.4% during the first quarter. Goldman Sachs Group Inc. now owns 723,443 shares of the company’s stock worth $24,460,000 after acquiring an additional 427,434 shares in the last quarter. Finally, Hawk Ridge Capital Management LP bought a new stake in BRP during the third quarter worth about $24,537,000.

BRP Company Profile

BRP Inc, operating under the brand name Bombardier Recreational Products, is a leader in designing, manufacturing and distributing recreational vehicles and propulsion systems for winter, on-road, off-road and water lifestyles. The company’s diversified portfolio includes snowmobiles, personal watercraft, all-terrain vehicles and roadsters, all powered by in-house Rotax engines. With a focus on innovation and performance, BRP has positioned itself at the forefront of the powersports industry.

At the heart of BRP’s product lineup are its flagship Ski-Doo snowmobiles and Sea-Doo personal watercraft, which serve both recreational and professional segments.