BRP Inc. (NASDAQ:DOOO) Receives $38.33 Average Price Target from Analysts

Shares of BRP Inc. (NASDAQ:DOOO) have been given a consensus recommendation of “Moderate Buy” by the twelve brokerages that are presently covering the company, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold rating, one has given a buy rating and three have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $38.33.

DOOO has been the subject of a number of research analyst reports. Citigroup raised BRP from a “sell” rating to a “neutral” rating and increased their price target for the company from $27.00 to $37.00 in a research report on Friday, April 4th. Desjardins raised BRP from a “hold” rating to a “buy” rating in a research report on Friday, May 30th. Wall Street Zen raised BRP from a “hold” rating to a “buy” rating in a research report on Friday, May 30th. Baird R W downgraded BRP from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Finally, UBS Group decreased their price target on BRP from $45.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, April 23rd.

BRP Stock Down 0.7%

DOOO stock opened at $48.83 on Friday. BRP has a twelve month low of $31.78 and a twelve month high of $74.00. The company has a quick ratio of 0.57, a current ratio of 1.37 and a debt-to-equity ratio of 5.19. The stock’s 50 day moving average is $37.59 and its 200-day moving average is $42.80. The firm has a market capitalization of $3.57 billion, a PE ratio of 25.97 and a beta of 1.23.

BRP (NASDAQ:DOOO) last posted its earnings results on Thursday, May 29th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. BRP had a return on equity of 61.20% and a net margin of 2.29%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.78 billion. Sell-side analysts expect that BRP will post 3.15 EPS for the current fiscal year.

BRP Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be paid a $0.1557 dividend. The ex-dividend date is Monday, June 30th. This is a positive change from BRP’s previous quarterly dividend of $0.15. This represents a $0.62 annualized dividend and a dividend yield of 1.28%. BRP’s payout ratio is presently -151.22%.

Institutional Trading of BRP

Hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC raised its stake in shares of BRP by 259.3% in the fourth quarter. Quadrant Capital Group LLC now owns 679 shares of the company’s stock valued at $35,000 after buying an additional 490 shares during the period. Signaturefd LLC raised its stake in shares of BRP by 296.1% in the fourth quarter. Signaturefd LLC now owns 1,208 shares of the company’s stock valued at $61,000 after buying an additional 903 shares during the period. Acadian Asset Management LLC bought a new stake in shares of BRP in the first quarter valued at $70,000. Dnca Finance grew its position in shares of BRP by 36.1% in the fourth quarter. Dnca Finance now owns 1,390 shares of the company’s stock valued at $71,000 after purchasing an additional 369 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new position in shares of BRP in the fourth quarter valued at $77,000.

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.