BRP Inc. (NASDAQ:DOOO) Given Consensus Rating of “Hold” by Brokerages

Shares of BRP Inc. (NASDAQ:DOOO) have received an average rating of “Hold” from the nine analysts that are currently covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $97.00.

Several analysts recently commented on DOOO shares. UBS Group reduced their price objective on shares of BRP from $66.00 to $65.00 and set a “neutral” rating for the company in a research note on Friday, September 13th. Scotiabank downgraded BRP from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, September 9th. Cibc World Mkts downgraded shares of BRP from a “strong-buy” rating to a “hold” rating in a report on Monday, September 9th. Stifel Nicolaus lowered BRP from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st. Finally, Desjardins cut shares of BRP from a “moderate buy” rating to a “hold” rating in a research note on Sunday, September 8th.

BRP Price Performance

Shares of DOOO opened at $48.29 on Friday. The company has a current ratio of 1.32, a quick ratio of 0.37 and a debt-to-equity ratio of 4.99. The stock’s 50 day moving average is $55.11 and its two-hundred day moving average is $62.64. BRP has a twelve month low of $46.85 and a twelve month high of $75.59. The firm has a market capitalization of $3.53 billion, a PE ratio of 20.04 and a beta of 2.07.

BRP (NASDAQ:DOOO) last announced its quarterly earnings data on Friday, September 6th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.23. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.35 billion. BRP had a return on equity of 79.58% and a net margin of 2.78%. Research analysts anticipate that BRP will post 2.3 earnings per share for the current year.

BRP Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Shareholders of record on Friday, September 27th were paid a dividend of $0.152 per share. The ex-dividend date was Friday, September 27th. This represents a $0.61 annualized dividend and a yield of 1.26%. BRP’s dividend payout ratio is currently 25.73%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its stake in shares of BRP by 8.3% in the third quarter. Geode Capital Management LLC now owns 208,186 shares of the company’s stock valued at $12,978,000 after purchasing an additional 15,892 shares during the period. Public Employees Retirement System of Ohio purchased a new position in BRP in the 3rd quarter valued at about $178,000. Systematic Financial Management LP grew its stake in shares of BRP by 3.0% during the third quarter. Systematic Financial Management LP now owns 192,084 shares of the company’s stock valued at $11,437,000 after acquiring an additional 5,562 shares in the last quarter. Hantz Financial Services Inc. increased its position in shares of BRP by 115.1% during the third quarter. Hantz Financial Services Inc. now owns 18,885 shares of the company’s stock worth $1,124,000 after acquiring an additional 10,106 shares during the last quarter. Finally, De Lisle Partners LLP lifted its stake in shares of BRP by 10.8% in the third quarter. De Lisle Partners LLP now owns 27,605 shares of the company’s stock worth $1,643,000 after acquiring an additional 2,697 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.