BRP (NASDAQ:DOOO) Upgraded at Citigroup

Citigroup upgraded shares of BRP (NASDAQ:DOOO) from a neutral rating to a buy rating in a research note released on Wednesday, MarketBeat Ratings reports. The firm currently has $73.00 price objective on the stock, up from their previous price objective of $68.00.

Other research analysts have also recently issued research reports about the company. BMO Capital Markets reiterated an “outperform” rating on shares of BRP in a research report on Tuesday, September 2nd. TD Securities reiterated a “buy” rating on shares of BRP in a research report on Tuesday, September 2nd. Scotiabank reiterated a “sector perform” rating on shares of BRP in a research report on Tuesday, September 2nd. National Bankshares set a $105.00 price objective on BRP and gave the stock a “sector perform” rating in a research report on Tuesday, September 2nd. Finally, UBS Group increased their target price on BRP from $35.00 to $70.00 and gave the stock a “neutral” rating in a report on Friday, September 5th. Four equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $72.75.

BRP Stock Up 1.8%

DOOO stock opened at $68.02 on Wednesday. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.34 and a quick ratio of 0.55. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of -283.42 and a beta of 1.19. The business’s fifty day moving average price is $59.20 and its two-hundred day moving average price is $47.41. BRP has a fifty-two week low of $31.78 and a fifty-two week high of $68.42.

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

BRP Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.215 per share. This is an increase from BRP’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.86 annualized dividend and a dividend yield of 1.3%. BRP’s payout ratio is currently -262.50%.

Institutional Trading of BRP

Several large investors have recently modified their holdings of DOOO. Charles Schwab Investment Management Inc. boosted its stake in BRP by 10.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 109,158 shares of the company’s stock valued at $3,685,000 after buying an additional 10,004 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its stake in BRP by 31.2% in the first quarter. Ontario Teachers Pension Plan Board now owns 64,941 shares of the company’s stock valued at $2,193,000 after buying an additional 15,447 shares in the last quarter. Fiera Capital Corp boosted its stake in BRP by 5.5% in the first quarter. Fiera Capital Corp now owns 135,330 shares of the company’s stock valued at $4,574,000 after buying an additional 7,082 shares in the last quarter. National Bank of Canada FI boosted its stake in BRP by 20.0% in the first quarter. National Bank of Canada FI now owns 495,657 shares of the company’s stock valued at $16,731,000 after buying an additional 82,723 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in BRP by 6.2% in the first quarter. Invesco Ltd. now owns 1,234,801 shares of the company’s stock valued at $41,749,000 after buying an additional 71,544 shares in the last quarter.

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.