BRP Inc. (NASDAQ:DOOO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of BRP Inc. (NASDAQ:DOOO) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $100.00.

Several brokerages have weighed in on DOOO. Citigroup raised their price objective on BRP from $73.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. National Bank Financial lowered shares of BRP from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, August 21st. CIBC reduced their price objective on shares of BRP from $110.00 to $100.00 and set an “outperformer” rating for the company in a research report on Monday, June 3rd. Finally, Stifel Nicolaus cut shares of BRP from a “buy” rating to a “hold” rating in a research report on Wednesday, August 21st.

BRP Trading Down 4.8 %

NASDAQ:DOOO opened at $62.91 on Friday. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.35 and a quick ratio of 0.46. BRP has a one year low of $57.15 and a one year high of $79.84. The company has a market cap of $4.66 billion, a PE ratio of 11.38 and a beta of 2.07. The firm has a 50-day moving average of $68.18 and a 200-day moving average of $67.02.

BRP (NASDAQ:DOOO) last issued its quarterly earnings data on Friday, September 6th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.23. BRP had a return on equity of 101.72% and a net margin of 5.87%. The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.35 billion. As a group, equities research analysts expect that BRP will post 4.33 EPS for the current fiscal year.

BRP Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be given a dividend of $0.152 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Friday, September 27th. BRP’s dividend payout ratio is currently 11.03%.

Institutional Investors Weigh In On BRP

A number of hedge funds have recently modified their holdings of DOOO. The Manufacturers Life Insurance Company grew its holdings in BRP by 539.1% during the fourth quarter. The Manufacturers Life Insurance Company now owns 559,543 shares of the company’s stock valued at $40,105,000 after purchasing an additional 471,986 shares during the period. QV Investors Inc. purchased a new stake in BRP in the 2nd quarter worth about $28,142,000. Norges Bank bought a new stake in BRP in the 4th quarter valued at about $30,666,000. The Manufacturers Life Insurance Company lifted its holdings in BRP by 61.2% during the second quarter. The Manufacturers Life Insurance Company now owns 1,076,187 shares of the company’s stock valued at $68,850,000 after purchasing an additional 408,692 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in BRP by 45.6% during the second quarter. American Century Companies Inc. now owns 1,072,168 shares of the company’s stock worth $68,656,000 after purchasing an additional 335,715 shares during the period.

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.